Decision details

Freehold/Head Leasehold Investment Disposal - Regent Arcade

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the recommendations.

Decision:

RESOLVED THAT:

 

      i.        authority is delegated to the Executive Director for Finance, Assets & Regeneration, in consultation with the Deputy Leader and CabinetMember for Finance & Assets, to dispose of the freehold and head leasehold interests in Regent Arcade Shopping Centre for best consideration and upon such other terms as are deemed appropriate;

 

    ii.        the Executive Director for Finance, Assets & Regeneration is authorised, in consultation with Deputy Leader and Cabinet Member for Finance & Assets and the Director of One Legal, to prepare and conclude the necessary legal documentation to reflect the terms negotiated.

 

Contact: Gemma Bell, Director of Finance and Assets and Deputy S151 Officer Email: [email protected].

Publication date: 22/09/2023

Date of decision: 19/09/2023

Decided at meeting: 19/09/2023 - Cabinet

Effective from: 30/09/2023

Accompanying Documents: