Decision details

Letting of Unit in Kingswalk

Decision Maker: Cabinet Member for Regeneration and Economy

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This is a commercial decision to grant a new lease in a unit in Kingswalk Shopping Centre Gloucester under the General Exception rule. The identity and details of the letting are business sensitive at this stage and not for publication. However, the total contract term value is potentially £850,000.

Decision:

This is a commercial decision to grant a new lease in a unit in Kingswalk Shopping Centre Gloucester. The identity and details of the letting are business sensitive at this stage and not for publication. However, the total contract term value is potentially £850,000.

Reasons for the decision:

It is important to grant the lease quickly to secure the interest and preserve the Council’s revenue flow and the vitality of the shopping centre as a whole.

Alternative options considered:

None - if we do not secure this letting we will have a drop in revenue. It is important that we proceed rapidly with the letting to protect our revenue flow and attract a new occupier that aligns with our business plans for the centre.

Publication date: 07/12/2018

Date of decision: 07/12/2018

Date comes into force if not called in: 15/12/2018

Call-in deadline date: 14/12/2018

Current call-in Count: 0

 

 
 
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