RESOLVED:
1. That the head of property be authorised to agree terms to dispose of 94 -116 Southwark Park Road London SE16 to DV4 Limited SPV (Delancey) by way of a 999 year ground lease at a peppercorn rent and subject to a premium as outlined within the closed report.
2. That the earmarking of the capital receipts for the purposes of funding the capital programme be authorised.
3. That the sale is subject to a provision to obtain satisfactory planning consent for an extra care facility providing a minimum of 56 units.