Contents
Report 24 of the 19 Jun 01 meeting of the Finance, Planning and Best Value Committee and outlines the result of the tender to sell the Rochester Row premises conducted jointly with the owners of the neighbouring property.
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Joint sale of Rochester Row premises
Report: 24
Date: 19 June 2001
By: Commissioner
Summary
The report outlines the result of the tender to sell the above property conducted jointly with the owners of the neighbouring property. It recommends acceptance of the best offer.
A. Recommendation
Members are invited to consider the offer, detailed in the linked exempt report.
B. Supporting information
1. The committee received a report on this matter at its meeting held 17th April 2001. It approved the joint sale of this property together with the neighbouring owners (Petter Olsen AS) with whom a planning consent for redevelopment of the two sites has been obtained from Westminster City Council. The proceeds of sale are agreed to be divided on a 55/45 basis.
2. Best and final offers have been received from 3 companies: Berkeley Homes (West London) Ltd, Nicholson Estates Ltd and Barratt Homes Ltd.
C. Financial implications
A capital receipt will be received in two installments over two years.
D. Background papers
None.
E. Contact details
The author of this report is Trevor Lawrence.
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