Issue details

SOUTH KILBURN QUEENS PARK (SKQP) LLP

This report provides an update on the South Kilburn Queens Park Limited Liability Partnership (SKQP LLP) and seeks authority to terminate the SKQP LLP Project Agreement should it not be possible for the parties to resolve matters by 30 October.

Decision type: Key

Decision status: For Determination

Wards affected: Kilburn; Queens Park;

Notice of proposed decision first published: 04/10/2019

This decision will be taken under urgency procedures.

Reason for urgency:
The legal agreements in relation to SKQP LLP can be terminated after 30 October 2019 by either Brent or Londonnewcastle (LN). Approval is bbeing sought from Cabinet to terminate the SKQP LLP Project Agreement and Members Agreement after 30 October 2019 should it not be possible for the parties to agree a solution with regard to outstanding conditions precedent.

If either party terminates the agreement, Brent will then have 10 working days to enter into an option to buy the former Falcon public house land from LN at market value. Without ownership of this land Brent cannot deliver the existing planning consent. It would therefore have to seek new planning permission. Given the timescales involved a decision will need to be sought from Cabinet on 14th October 2019.

Anticipated restriction: Part exempt  - View reasons

Decision due: 14 Oct 2019 by Cabinet

Lead member: Lead Member for Regeneration, Property & Planning

Lead director: Strategic Director - Regeneration and Environment

Department: Regeneration and Environment

Contact: Olga Bennet, Head of Finance (Commecial and Projects) Email: olga.bennet@brent.gov.uk.

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