Lease renewals on Church Street
April 25, 2024 Cabinet Member for Housing Services (Cabinet member) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to facilitate the retention of an anchor tenant and ensure continued income, she approved the principle of lease renewals for H Bull and Son (Textiles) Ltd at 73-83 and 85-87 Church Street, and delegated authority for final approval of the new leases and related agreements to the Director of Corporate Property.
Full council record
Decision
- Summary of Decision
The Cabinet Member:
- 1 approved the principle of the Council conducting a lease renewal for new leasebetween HBull andSon (Textiles)Ltd andthe Mayorand theCitizens of the City of Westminster and entering into an Agreement For Lease (“AFL”) between the same parties, on the terms set out in this report; and
- 2 delegates authority to the Director of Corporate Property following consultation with the Executive Director of Housing, to approve the Council entering into two new leases and any ancillary legal agreements there to.
- Reasons for Decision
Subject toapproval, thelease renewaltogether withthe sideletter enablesthe Council to retain an anchor tenant on Church Street with a strong rental payment history and ensures the unit is let producing an income stream until SiteB isready fordemolition. Thisarrangement alsolimits theCouncil’s liability regarding future leaks.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 25 Apr 2024 |