Purpose

To consider a report on lease arrangements between the
Council and Lego Company Ltd for the asset of Capital Point, 33
Bath Road, Slough.

Decision

(a) 
Approved the grant of
reversionary leases and effectively, the grant of further lease
terms prior to expiry of the current leases, with the Tenant at
Capital Point, 33 Bath Road, Slough.
 
(b) 
Delegated authority to
the Executive Director of Regeneration, Housing and Environment, in
consultation with the Lead Member for Financial Oversight, Council
Assets, Procurement, Revenue & Benefits and the Executive
Director of Finance and Commercial, to negotiate and finalise the
new lease terms and to enter into the reversionary leases with the
Tenant consistent with the terms detailed in Appendix 1 –
Lease Report.