Purpose

This decision confirms approval of
the final terms for the Council to acquire the freehold of the
Falcon Public House site situated on Kilburn Lane from Londonewcastle (QP2) LLP in order to assist with
the ongoing regeneration of the South Kilburn Housing estate to
deliver much needed affordable housing. 
 
A Key Officer Decision Report was approved on
15 April 2024 for a maximum purchase price for the Falcon Public
House.  Brent Council and Londonewcastle (QP2) LLP have reached agreement on
the value of the Falcon Public House within the maximum sum and
authority is therefore sought to proceed with the acquisition.

Content

To approve acquisition of the freehold of the
Falcon Public House site, located on Kilburn Lane from Londonewcastle (QP2) LLP on the terms agreed in the
sum of £3,250,000 ex VAT.