Purpose

To enable the granting of a new lease for Unit 3 Hill Crest Park, Calverton to MBK Installations Ltd.

Decision

To approve the granting of a new lease for Unit 3 Hill Crest Park, Calverton.

Reasons for the decision

New Lease approval

Alternative options considered

An alternative would be not to grant a new lease for the space. However, the income received is currently below market levels and the new lease would bring income in line with market levels. Additionally, not granting a new lease would mean that terms of occupation continue to be governed by an expired tenancy agreement