Issue - meetings

Cray Valley West ward

The long leasehold owner (Legal & General) of Sevenoaks Way Industrial Estate, Orpington, had approached the Council as Freeholder requesting to regear their lease. The report detailed the proposed terms of the lease regear and sought approval to proceed with the transaction.

The report had been scrutinised by the Executive, Resources and Contracts PDS Committee on 13 October 2021 and the Committee supported the recommendations.

RESOLVED that

(1) The lease regear of Sevenoaks Industrial Estate, Orpington, BR5 to the existing long leaseholder (Legal & General) as per the terms detailed within the report (Part 1 and Part 2) be agreed. 

(2) Authority to complete the transaction to be delegated to the Head of Estates & Asset Management, in consultation with the Director of Housing, Planning and Regeneration, with the Council’s associated professional fees to be paid from the proceeds of the transaction.