Purpose

This report sets out the options and terms for the acquisition of 18 Lulworth, Wrotham Road, London, NW1 9SS to enable the regeneration of the Agar Grove estate.
 

This report is coming to the Executive Director Investment, Place and Opportunity because they have the delegated authority to take this decision resulting from a Cabinet decision. On 4 December 2013 and 20 July 2022, the Cabinet agreed proposals for the complete redevelopment and regeneration of the Agar Grove estate with the retention of Lulworth Tower which will be remodelled and retrofitted. This report relates to the acquisition of the leasehold of 18 Lulworth which is included in Phase 2b of the redevelopment of the estate.

Decision

THAT the Executive Director Investment, Place and Opportunity (following consultation with the Cabinet Member for New Homes and Community Investment, the Cabinet Member for Finance and Cost of Living, the Executive Director Corporate Services, the Chief Valuer and Head of Property, and the Borough Solicitor) agrees to the acquisition of 18 Lulworth, Wrotham Road, London, NW1 9SS on the offer terms set out in the Part II appendix.