Decision

Disposal of Columbine Building (excluding Prom Building) to Wight Shipyard

Decision Maker: Policy, Finance and Resources Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: June 5, 2025

Purpose: The Isle of Wight Council proposes a 125-year leasehold disposal of the Columbine Building to Wight Shipyard to support local job opportunities and economic regeneration. The decision includes and highlights tenant displacement considerations, maintaining the building's historical and active significance and the continued property and regeneration opportunities.

Content:

Supporting Documents

5c. Disposal of Columbine Building.pdf
5c. Appendix 2 - Labelled Venture Quays Estate.pdf
5c. Appendix 3 - Wight Shipyard Supporting Narrative.pdf
5c. Appendix 4 - Leasehold vs freehold summarised statements.pdf