Issue - meetings

To approve the disposal of the 250 year leasehold interest in the car pound at Mandela Way, London SE1.

RESOLVED:

1.  That approval be given for the disposal of the 250 year leasehold interest in the car pound at Mandela Way, London SE1 (“the property”), as shown edged with the bold line on the plan attached to the report, to the purchaser identified and on terms set out in the accompanying closed agenda report, subject to any further negotiations considered necessary by the head of property be approved.

2.  That should the sale not proceed to completion within a reasonable time as determined by the head of property, the property be offered to an alternative bidder or subsequent to that be offered for sale on the open market and sold on terms to be approved by the head of property for a sum that represents best consideration.