Purpose

The Cabinet Member will consider the management lease at Dudley House.

Decision

Decision Taken: The Cabinet Member for Value for Money and Finance has approved the principle of the Council entering into a management lease with Dolphin Living for the residential element of Dudley House, including the 197 intermediate rent homes, associated residential common parts and Basement Car Park, substantially on the commercial terms summarised in the report and subject to finalisation of the legal documentation; he has approved the proposed management structure under which Dolphin Living retains responsibility for Registered Provider obligations and appoints Touchstone to undertake day-to-day housing and operational management, subject to the substitution provisions and performance requirements set out in the final management lease; and delegated authority to the Executive Director of Finance and Resources, in consultation with the Director of Corporate Property, to finalise and enter into the management lease and associated documents.

Reason for Decision: The current operating lease with Pinnacle Housing Limited expires on 24 October 2026 and a replacement management arrangement is required to ensure continuity of housing and building management services.