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Decision details

TALBOT GATEWAY PHASE 3 - OFFICE ACCOMMODATION

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

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 updates EX25/2021 and the Officer Non-Key Decision of 27th September 2021.

 

 

Decision:

1.      To authorise the Head of Legal Services to enter into a Deed of Variation to the Agreement for Lease with the Department for Work and Pensions and subsequently grant the Lease with them for the proposed office (with a GIA of circa 20,300m2 and a NIA of 15,494m2) on King Street.

 

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

 

3.      To authorise the expenditure and contracts to facilitate the above detailed in this report.

 

Publication date: 01/12/2022

Date of decision: 01/12/2022

Accompanying Documents: