Purpose

Approval to enter into a land sale option
agreement for the sale of the Council's interests to the owner and
developer of the Nicholsons Quarter Regeneration Scheme

Content

AGREED: That cabinet
noted the report and:
i)                
Approved the sale of the Council’s Freehold Interest in
the Nicholsons Walk Shopping Centre, Central House and the Site of
the former Broadway Car Park to Denhead
S.a.r.l..
ii)              
Delegated authority to the Executive Director of Place Services
in consultation with the Cabinet Member Planning, Governance and
Asset Management, to negotiate and agree the option agreement with
Denhead S.a.r.l.