Decision details

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.

(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.