In a joint statement, Weymouth and Portland Borough Council and North Quay Weymouth Ltd said:
“We are pleased to be able to announce an amicable settlement to the disputed issues around the sale of the Council’s former offices at North Quay, Weymouth.
“The agreement involves a clean break, with NQWL retaining the deposit paid when contracts were exchanged, and W&PBC making a contribution towards NQWL’s costs.
“Following the settlement, NQWL will have no further involvement in the site, leaving the Council free to pursue alternative plans for the site. Both parties agreed that such a settlement was preferable to a long and costly litigation with an uncertain outcome which would distract from other priorities.”
We continue to develop opportunities for the site to best enhance the south side of the harbour. This will involve demolishing the current building and developing the site to secure a mix of uses. We are considering a mix of residential, commercial and local parking.