Issue details

KD 5154 - Tripartate Agreement of Proposed Pearsons extension/refurbishment at Palace Gardens & Palace Exchange Shopping Centre

The London Borough of Enfield holds a freehold interest in a narrow strip of land which lays adjacent to the Pearsons department store as a covered walkway, forming part of the Palace Gardens Shopping Centre. This is currently let to DWE who also owns majority of the shopping centre.
As part of Pearsons’ plans to revive its struggling trading performance, its intension is to significantly refurbish the store, to include enclosure of the LBE owned covered walkway. In order to facilitate this, LBE will effectively need to grant permission via a surrender of the existing lease to DWE and regrant a lease back to Pearsons.

Decision type: Key

Reason Key: Significant Impact on 1 or more Wards;

Decision status: Abandoned

Wards affected: Town; (All Wards);

Notice of proposed decision first published: 29/05/2020

Decision due: Not before 1st Jul 2020 by Cabinet Member for Finance & Procurement

Department: Place Department

Contact: Justin Caslake, Principal Asset Management Surveyor Email: Tel: 020 8379 3130.

Part 1 & 2 (Para 3): Part 1 and 2 (Para 3)