Issue details

KD 5700 - Decision to restructure Pearsons' lease and agree framework to restructure Palace Gardens headlease

The report seeks approval to agree terms to restructure Pearsons lease, and the framework to restructure the Palace Gardens headlease. These will enable improvements to the shopping centre.

Decision type: Key

Reason Key: Significant Impact on 2 or more Wards;

Decision status: For Determination

Wards affected: Town;

Notice of proposed decision first published: 30/11/2023

Anticipated restriction: Part exempt  -

Explanation of anticipated restriction:
Commercially sensitive details relating to the long leaseholder

Decision due: Not before 1st Mar 2024 by Cabinet Member for Finance & Procurement

Lead member: Cabinet Member for Finance & Procurement

Lead director: Director of Development - Property

Department: Resources Department

Contact: Doug Ashworth, Development Manager (Property - Asset Management) Email: Tel: 020 8379 3184.

Part 1 & 2 (Para 3): TBC