Decision details

Decision details

Letting of 33-35 George Street

Decision Maker: Executive Director (Development)

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Cabinet, on 15 November 2023, resolved to:

1.      Delegate authority to the Executive Director (Development) in consultation with the Head of Financial Services/S151 Officer, the Head of Law and Governance and the Deputy Leader (Statutory) – Finance and Asset Management to agree final terms, negotiate the form of documents and then enter into leases and any ancillary documents required for the letting of 16-17 Turl Street, 24-26 George Street and Cadogan House, Wheatley subject to the requirements of S.123 Local Government Act 1972 being met.

Decision:

To approve the final terms for the letting of 33-35 George Street and enter into a lease, rent deposit deed and alterations letter to JSY Cooperation 15 Ltd (t/a Yori) on a 20 year term.

Reasons for the decision:

Please refer to the report to Cabinet titled ‘Commercial Property Lettings’ dated 15 November 2023.

Alternative options considered:

Please refer to the report to Cabinet titled ‘Commercial Property Lettings’ dated 15 November 2023.

Signed off by senior officers:

Decision taken by Tom Bridgman, Executive Director (Development) in consultation with Nigel Kennedy, Head of Financial Services / S151 Officer; Emma Jackman, Head of Law and Governance and Councillor Ed Turner, Deputy Leader (Statutory) – Finance and Asset Management.

Publication date: 19/01/2024

Date of decision: 18/01/2024

Effective from: 24/01/2024

Accompanying Documents: