Purpose

To consider options for the future of the
property in advance of the expiry of the leases to the current
occupier.

Decision

RESOLVED
that the Partner, Shareholder and Trustee Executive
Sub-Committee:

(i)            
Considered the available options for the Redhill
Distribution Centre asset when current leases end in December 2024,
as set out in the report; and
 

(ii)          
Approved the recommended Option 1, as set out in the
report, to put Redhill Distribution Centre into good repair when
the current tenant’s lease ends and authorises the Property
Services Manager to market the vacant space.