The Executive Director- Development has submitted a report to seek approval for the  letting of 24-26 George Street.

Recommendations: That Cabinet resolves to:

1.    Approve the letting of 24-26 George Street on the terms set out in the NOT FOR PUBLICATION  appendix; and

2.    Delegate authority to the  Executive Director - Development ,  to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.

The Executive Director- Development had submitted a report to seek approval for the letting of 24-26 George Street.

Councillor Ed Turner, Cabinet Member for Asset Management, introduced the report. He congratulated officers on having been successful in arranging for this property to be let to good advantage in such a short space of time given the current state of the market.

Cabinet resolved to:

1.    Approve the letting of 24-26 George Street on the terms set out in the confidential appendix; and

2.    Delegate authority to the  Executive Director - Development ,  to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.