Decision details

To approve the development of a site within The Talbot Gateway (Central Business District) as grade ‘A’ office accommodation and to authorise the execution of the Contracts necessary to facilitate this Development.

This report provides an update on the decisions made in EX25/2021.

To authorise the Head of Legal Services to enter into and exchange on the  Agreement for Lease and subsequently grant the Lease with the third party interested in leasing the proposed office (with a GIA of circa 20,300m2 and a NIA of 15,494m2) on King Street.

To approve the terms of the third Supplemental Deed Agreement with Muse Developments Limited for delivery of the Office Accommodation development on King Street as part of the Talbot Gateway Project (Central Business District) Phase 3.

To approve the terms of the Forward Funding Agreement with Muse Developments Limited for the development of the office accommodation and associated infrastructure.

To authorise the expenditure and contracts to facilitate the above.