Decision details

Disposal of The Grange (Sites C2 and C4) Bermondsey Spa, London SE1

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the disposal of council property

Decisions:

RESOLVED:

 

1.  That the disposal of The Grange (‘The Property’) to the preferred bidder on the principal terms set out in the closed version of the  report be agreed.

 

2.  That the head of property be authorised to agree any variations to these terms that may be necessary to achieve the disposal in the light of further negotiations and securing full planning consent.

 

3.  That in the unlikely event the sale to the preferred bidder does not proceed to exchange, the head of property be authorised to agree the terms of a sale with any one of the under bidders set out in the report or any other third party, provided that the terms conform with the council’s legal obligation to achieve the best consideration reasonably obtainable. 

Report author: Eleanor Kelly

Publication date: 01/07/2013

Date of decision: 26/06/2013

Decided at meeting: 26/06/2013 - Cabinet

Effective from: 05/07/2013

Accompanying Documents: