Decision details

St George House - declaring surplus to operational requirements, adding to the Council's Investment Portfolio and approval of lease terms

Reference: D54054

Decision Maker: Director of City Development

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Approval to declare St George House surplus to operational requirements, add the asset to the Council’s Investment Portfolio and grant a lease to a new tenant.

Decision:

The Chief Officer Asset Management and Regeneration has

i) Declared St George House surplus to operational requirements;

ii) Approved the realignment of St George House to the Council Investment Property Portfolio; and

iii) Approved the Heads of Terms as identified in the exempt appendix to enable a lease to be put into effect between the Council and the named tenant.

Reason Key: Financial Impact>£500K;

Wards Affected: Little London and Woodhouse;

Other reasons / organisations consulted

Briefings have been undertaken with the Executive Member for Resources. Ward Members have been made aware of the proposal.

Consultees

Briefings have been undertaken with the Executive Member for Resources. Ward Members have been made aware of the proposal.

Contact: Paul Fleming, Principal Land & Property Officer 0113 378 8935 Email: paul.fleming@leeds.gov.uk.

Publication date: 05/05/2021

Date of decision: 13/05/2021

Effective from: 21/05/2021

Accompanying Documents: