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: Recommendations Approved

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

Department: Resources Department

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

Part 1 & 2 (Para 3): TBC