Town Hall

Assets of Community Value

The community can nominate local publicly or privately owned buildings or land for recognition as being an asset of community value

The Localism Act (2011) introduced a new right for the community to nominate to us certain local publicly or privately owned buildings or land for recognition as being an asset of community value. 

The council must consider all nominations received and, where we accept that the current use or a recent past use of the asset has furthered the social well-being or social interests of the community and can continue to do so, we can include the building/land on a list of assets of community value. 

If an asset is listed then the owner cannot dispose of it without giving the community six months to put together a bid to buy the asset. 

The owner of the asset does not have to sell it to the community. Assets will stay on the list for a period of five years. The council will also maintain a list of unsuccessful nominations. The lists will be published annually on our website and updated copies will be made available upon request.

If a pub is designated as an asset of community value, or if there is an application to nominate a pub as an asset of community value which has yet to be determined, this affects the permitted development rights of the property. 

Who can make a nomination? 

Only certain bodies can nominate an asset for inclusion on the list. Your organisation must be a Parish Council or a voluntary or community body with a local connection.

Make a nomination 

You can nominate a building or land as an asset of community value by completing the nomination form below under 'Useful documents' and emailing it to community.assets@islington.gov.uk or by posting it to: 

Property Services
Assets of Community Value
7 Newington Barrow Way
London
N7 7EP

We will consider each nominated asset to see whether it meets the criteria for acceptance. We will make a decision on whether to list the asset within eight weeks of receiving a correctly completed nomination form and the nominator and owner of the asset will be advised of the outcome. 

Depending on the decision the asset will then be entered on to either the list of assets of community value or a list of unsuccessful nominations.

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