Decision details

Brent House - Proposed disposal on a subject to planning basis

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To delegate authority to the Operational Director Property and Projects to enter into a suitable Subject to Planning Contract with the successful bidder for the disposal of Brent House.

Decision:

(i)         that the disposal of a long leasehold interest in Brent House on a subject to planning basis to Stoford Ltd for a capital receipt upon the grant of planning consent be approved;

(ii)        that, as a reserve, subject to satisfactory resolution of matters highlighted in the confidential appendix, in the event that the above offer does not proceed satisfactorily, that the offer from Henley Homes Ltd be approved;

(iii)       that delegated authority be granted to the Operational Director Property and Projects to agree the terms of the transaction in consultation with the Chief Finance Officer.

Wards Affected: Wembley Central;

Contact: Richard Barrett, Head of Estate Regeneration Email: richard.barrett@brent.gov.uk Tel: 020 8937 1334.

Report author: Fred Eastman

Publication date: 11/12/2013

Date of decision: 09/12/2013

Decided at meeting: 09/12/2013 - Executive

Accompanying Documents: