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To approve the reviewed rent of the above
property leased to CEMEX UK Operations.

In accordance with the second schedule of the lease, the annual
passing rent of £76,230 has been reviewed as at 1st September
2023 and it is proposed to increase it to £92,750pa.

The rent review is based on a cleared site for the permitted use in
the lease. After a period of negotiation, the tenant has offered to
settle at a figure which our consultant has confirmed is in line
with the available market evidence and takes into account the
relevant factors.

A memorandum will be endorsed on the lease recording this
review.

If you have any queries, then please contact Charles Wood who will
be happy to provide further information.