Purpose

Cabinet to consider the purchase offer for the sale of the ground leases at Reform Road.

Decision

That Cabinet noted the report and:

i) Approved the sale of the Reform Road Ground Lease Asset(s) for £3.5m.

ii) Delegated authority to the Executive Director of Place Services in consultation with the Cabinet Member for Planning, Governance and Asset Management to enter into the contract and complete the sale of the freehold interest of the ground leases asset at Reform Road.