Decision

Summary of Decision
 

The Cabinet Member for
Planning and Economic Development
has approved:

 

1.    
The award of
a concession contract
to Arbeit Project Studios Limited to deliver services from
LAES; 

 

2.    
The grant of
a lease to Arbeit Project
Studios Limited on commercial arrangements
asset out in Part B of
this report;  
 

3.    
The use of grant funding from the Strategic Investment Pot (SIP) Fund in the sum of
£200,000 to Arbeit Project Studios Limited to undertake
CAT B fit out
works to LAES; 
 

4.    
Authorisation of Legal
Services to execute the Lisson Arches Enterprise Space concession
contract and lease for a period of 15
years. 
 

 

Reasons for Decision
 
A decision is required for the
Council to meet its planning obligation to lease the
Lisson
Arches Enterprise Space (LAES) to a
workspace operator, who in turn will facilitate the use of the
space as affordable workspace.
 
This decision reflects
approvals for the granting of a lease for a period of up to 15
years and an associated service concession contract which will
fulfil the requirements of the planning commitments and support
regeneration and economic development in Church Street
area.