Issue - decisions

Disposal of HKP Warehouses

16/01/2020 - Disposal of Herbert, Kimberley and Philpotts 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