Decision details

Acquisition of Office Building on Vauxhall Bridge Road

Decision Maker: Cabinet Member for Finance and Smart City

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Purchase of strategically located office building from current owner/occupier with short term leaseback to Vendor




The Cabinet Member for Finance and Smart City has approved a gross spend of up to £16.5m for the acquisition of the freehold known as 215 Vauxhall Bridge Road.


Reasons for Decision     


The Council intends to refurbish and redevelop the Queen Mother Sports Centre in the future and this purchase will enable greater value to be derived.


An inspection of the plans shows that incorporating this property into the wider site of the QMSC would not only enable better access for potential works, it would also significantly improve main road frontage on Vauxhall Bridge Road making development potential greater.

Publication date: 15/03/2022

Date of decision: 15/03/2022

Effective from: 23/03/2022

Accompanying Documents: