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Brent Civic Centre – Approval to commercially let Civic Centre surplus floor space(s)

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Meeting: 17/04/2023 - Cabinet (Item 11)

  • Webcast for 17/04/2023 - Cabinet

11 Brent Civic Centre – Approval to commercially let Civic Centre surplus floor space(s) pdf icon PDF 247 KB

Following approval of the Council’s budget proposals for 2023/24 (including a proposal to let additional floor space within the Civic Centre to external organisations), this report sets out the Council’s approach towards the of letting additional space in the Civic Centre.

Additional documents:

  • 11a. Appendix 1 - Civic Centre Surplus Space - Negotiations (Confidential) , View reasons restricted (11/2)
  • Webcast for Brent Civic Centre – Approval to commercially let Civic Centre surplus floor space(s)

Decision:

Cabinet RESOLVED to delegate authority to the Corporate Director of Finance & Resources in consultation with the Cabinet Member for Finance, Resources & Reform to agree the terms of the lease(s) and enter into lease agreements with existing tenants, as highlighted in paragraph 3.4 of the report, and with prospective tenants identified through marketing.

Minutes:

Councillor Mili Patel (Deputy Leader & Cabinet Member for Finance, Resources & Reform) introduced a report which, following approval of the Council’s budget for 2023-24, set out the approach towards the letting of additional floor space in the Civic Centre to external organisations included as one of the agreed budget saving targets.

 

In considering the report, Cabinet noted progress with the Civic Centre ‘restack’ project, which had been designed to assist in rationalising use of the Civic Centre and optimise space available for external letting purposes.  The restack project was scheduled to be completed by the end of April 2023 and was anticipated to release up to 19,309 square feet of additional space.  Despite the challenging nature of the current commercial office rental market, a commercial property agent had been appointed to commence marketing of the additional space identified within the Civic Centre, including the potential to let space to a flex-operator with details of current negotiations (including existing tenants) outlined within the exempt appendix (Appendix 1) of the report.

 

Cabinet were supportive of the approach outlined and, having noted the exempt information contained in Appendix 1 of the report, therefore RESOLVED to delegate authority to the Corporate Director of Finance & Resources in consultation with the Cabinet Member for Finance, Resources & Reform to agree the terms of the lease(s) and enter into lease agreements with existing tenants, as highlighted in paragraph 3.4 of the report, and with prospective tenants identified through marketing.


 

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