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

June 5, 2025 Policy, Finance and Resources Committee (Committee) Approved View on council website
Full council record
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.

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

Details

OutcomeRecommendations Approved
Decision date5 Jun 2025