Decision details

Disposal of Council's Freehold Interest in former car pound, Mandela Way, SE1

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the disposal of the council’s freehold interest to the long leaseholder for a residential-led development.

Decisions:

RESOLVED:

 

That in accordance with the terms set out in the closed cabinet report:

 

1.  The freehold interest in land at Mandela Way (as shown outlined in black in Appendix 1 of the report) be sold to the long leasehold owner of the site Firmdale Hotels for mainly residential development subject to planning permission being obtained.

 

2.  The director of regeneration be authorised to negotiate the sale and development agreement with Firmdale Hotels and place a covenant on the site which binds successors in title to an affordable housing requirement.

Report author: Eleanor Kelly

Publication date: 25/07/2018

Date of decision: 24/07/2018

Decided at meeting: 24/07/2018 - Cabinet

Effective from: 02/08/2018

Accompanying Documents: