Issue - meetings

To approve the disposal of the council’s freehold interest in 236 and 240 Lordship Lane, SE22 for a residential development.

RESOLVED:

1.  That the disposal of the council’s freehold interest in land at 236 and 240 Lordship Lane SE22  (“the land”) for a residential development be approved on the following terms and conditions:

a.  That the head of property be authorised to agree any variations to these terms that may be necessary to achieve the successful disposal of 236 & 240 Lordship Lane SE22.

b.  That in the unlikely event that this recommended disposal does not proceed to exchange of contract, the head of property be authorised to agree the terms of a disposal with any one of the under bidders set out in the closed report and/or any other third party, subject to best consideration or market value requirements.

c.  The capital receipt from the sale of the property is recycled into the housing investment programme.