Issue - decisions

Phase One Asset Sales

27/12/2024 - Phase One Asset Sales

ORDERED that Executive approve:

 

1.    That the proposed amendment to include an Overage Agreement and timescale of 2-5 years for completion be accepted.

2.    The sale of the House of Fraser Building (37 Linthorpe Road) to (Ref A Buyer Name - Confidential Appendix I) for (Ref B HoF Valuation - Confidential Appendix I);

3.    The sale of Zetland Car Park to (Ref A Buyer Name - Confidential Appendix I) for (Ref C Zetland Valuation - Confidential Appendix I); and,

4.    Delegates responsibility to the Director of Finance and the Director of Regeneration for the negotiation of the final sales value of each property.