Decision details
PURCHASE OF HOUNDSHILL SHOPPING CENTRE
Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The purchase of the Houndshill Shopping Centre and the use of Prudential Borrowing to complete the purchase.
Decision:
To purchase the Houndshill shopping centre at a cost of £47.6m (Market Value) excluding costs and SDLT.
To use Prudential Borrowing to fund the purchase, SDLT and associated costs.
To novate the contracts to appoint CBRE for the asset management and Eddisons for facilities management, both on an interim basis.
Publication date: 08/11/2019
Date of decision: 01/10/2019
Accompanying Documents:
PDF 228 KB
