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The
Cabinet Member for Property, Waste and Infrastructure:

Formally declared the asset surplus to operational requirements
(in consultation with The Leader and Deputy Leader).
Approved the sale of 21 Magdalen Crescent, Byfleet, West
Byfleet, KT14 7SR to the party, at the price and subject to the
conditions, noted in the part 2 report. The sale was conditional
upon the simultaneous surrender of the headlease held over the
asset by HGR which had been agreed by the HGR Board.
Approved the HGR premium for the surrender of its interest from
the gross receipt and noted there was debt aligned to this asset,
with both parties bearing their own costs and appointments of their
own professional team.
Delegated authority to the Deputy Chief Executive and Executive
Director of Resources (s151 Officer) in consultation with the
Director of Land and Property to finalise the transaction and enter
into all associated legal agreements.