Decision details

223 Southwark Park Road, SE16 - Acquisition of Leasehold Interest

Decision Maker: Strategic Director of Place and Wellbeing

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the acquisition of a leasehold interest in 223 Southwark Park Road, SE16.

Decision:

1.  That the leasehold interest held by Glasdon Estates be acquired by accepting a surrender of the existing long lease for an agreed capital sum (payable by the council).

 

2.  That a meantime food and beverage “offer” on the basis described in paragraph 7( b) of the report (but with the council’s sole involvement only) be brought forward. Meanwhile the property will be put into use to create a destination for The Blue around local food production and to generally increase footfall to the town center, benefiting local traders.

 

3.  That it be noted that the property is held in the Housing Revenue Account, and the principle purpose of the acquisitions is the delivery of new council homes, acquired through the HRA. Detailed redevelopment options are to be appraised, potentially drawing in adjacent London Borough of Southwark (LBS) owned land (also HRA).

 

Publication date: 23/05/2019

Date of decision: 23/05/2019

Effective from: 01/06/2019

Accompanying Documents: