Decision details

1.1.     To approve the freehold transfer of the Council’s freehold interest in the subject property to Barons Court Project Limited (“BCP”) at nil consideration. To ensure the property legal documents have the appropriate pre-emption rights reserved in the transfer to preserve the Council’s position and the permitted use of the property so services can be retained.

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1.2.     To note the principal terms and conditions already negotiated by the Council with Barons Court Project Limited, contained in Appendix 2attached to the exempt part of this report.

1.3.     That authority be delegated to the Director for Building & Property Management in consultation with the Director of Law and the Cabinet Member for Finance to complete the necessary legal work in transferring the freehold of the property to Barons Court Project Limited.