Issue - meetings

Consideration has been given to accepting the surrender of the current lease of Site 6 Albany Road, East Gateshead Industrial Estate from Hantay Pension Scheme and the grant of a new lease for a term of 125 years to the Tenant.

RESOLVED -

(i)

That the surrender of the current lease of Site 6 Albany Road, East Gateshead Industrial Estate from Hantay Pension Scheme and the grant of a new lease for a term of 125 years to the Tenant on the terms outlined in the report be approved.

(ii)

That the Strategic Director, Corporate Services and Governance be authorised to agree the detailed terms.

The above decisions have been made to manage resources in accordance with the provisions of the Corporate Asset Strategy and Management Plan.