Decision details

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.

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.