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Decision details

Exercise of an option to acquire the freehold interest in a WCC leased site at Mandela Way, London, SE1 5SS for £1

Decision Maker: Cabinet Member for Finance and Council Reform

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

WCC own a long leasehold interest in a circa 5.5 acre distribution warehouse site on Mandela Way in the London Borough of Southwark.  The lease contains an option for WCC to acquire the freehold interest in the site for £1.

Decision:

Summary of decision

The Cabinet Member for Finance and Council Reform has approved the option to acquire the freehold interest in the WCC leased site at Mandela Way for £1. 

 

Reasons for decision

Under the WCC constitution, Cabinet Member approval is required to acquire a freehold interest in land. 

Publication date: 08/07/2022

Date of decision: 08/07/2022

Accompanying Documents: