Decision details

Disposal of Herbert, Kimberley and Philpotts Warehouses

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


To update Cabinet on progress made towards disposal of the HKP warehouses




(1)           the actions taken to date be noted


(2)           the Property Commissioning Manager be authorised to continue negotiations with the interested parties and, in consultation with the Cabinet Member for Regeneration and Economy and the S151 Officer, to accept an offer of an assignment of the existing leases or the grant of a new lease, which in the opinion of external advisers represents best consideration provided that:


a.         The consideration shall be payable in full upon the assignment or grant of new lease; and

b.         The transaction shall be an outright assignment or grant of lease at arms’ length, without any obligation for a continuing relationship with the Council other than as landlord


Report author: Mark Foyn

Publication date: 16/01/2020

Date of decision: 15/01/2020

Decided at meeting: 15/01/2020 - Cabinet

Effective from: 24/01/2020

Accompanying Documents: