Decision details

Acquisition of up to 9 sub-Leasehold properties at the Signal Building, 89 - 93 Newington Causeway, SE1

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek authority to purchase up to 9 sub-Leasehold properties at the Signal Building, 89 – 93 Newington Causeway subject to the outcome of ongoing mediation and High Court action.

Decisions:

The report had not been circulated five clear days in advance of the meeting. The chair agreed to accept the item as urgent as the council wished to be in a position to enter in an unconditional settlement and to be clear that all necessary approvals had been obtained.

 

RESOLVED:

 

That the head of property be authorised to acquire the leasehold interests in Flats 2 - 7 and 9 - 11, 91 Newington Causeway, SE1 (the “Properties”) as part of settlement of High Court proceedings reference HC-2016-001745.

Report author: Alistair Huggett

Publication date: 21/06/2017

Date of decision: 20/06/2017

Decided at meeting: 20/06/2017 - Cabinet

Effective from: 29/06/2017

Accompanying Documents: