Disposal of asset known as the New England Complex - DEC25/CAB/86
December 17, 2025 Cabinet (Cabinet collective) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to dispose of Units 1-7 of the New England Complex to Bidder B, the bidder demonstrating the best value for money and suitable social value, while delegating authority to the Executive Directors of Place and Economy and Corporate Services, along with the Director of Legal and Governance, to finalize the terms and complete the disposal.
Full council record
Purpose
To seek approval to dispose of the council-owned asset known as the New England Complex, located on Lincoln Road, Peterborough
Decision
Cabinet RESOLVED to:
- Approve the disposal of Units 1-7 of the New England Complex to the bidder which demonstrates best value for money for the Council under section 123 of the Local Government Act 1972 but also evidences suitable social value for its users, existing tenants and the wider community. For clarity, the recommended bidder at this time is Bidder B as detailed in the Summary of Evaluations (Page 14) of the exempt annex.
- Delegate authority to the Executive Director of Place and Economy in conjunction with the Executive Director of Corporate Services and Director of Legal and Governance, to agree final terms and complete the disposal.
Supporting Documents
Details
| Outcome | Recommendations approved |
| Decision date | 17 Dec 2025 |
| Effective from | 23 Dec 2025 |
| Subject to call-in | Yes |