Issue - decisions

Freehold/Head Leasehold Investment Disposal - Regent Arcade

22/09/2023 - Freehold/Head Leasehold Investment Disposal - Regent Arcade

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.