Issue - meetings

Sites 2 & 3 Newton Industrial Estate

 

 

Meeting: 21/02/2017 - Cabinet (Item 192)

192 Property Transaction - Surrender and New Lease of Sites 2 and 3 Newtown Industrial Estate, Birtley pdf icon PDF 255 KB

Report of the Strategic Director, Corporate Services and Governance

Minutes:

Consideration has been given to accepting the surrender of the current leases of Site 2 and Site 3 Newtown Industrial Estate, Birtley from R Beal and Company Limited (“the Tenant”) and the re-grant of a 125 year lease to the Tenant.

 

 

 

RESOLVED -

(i)

That the surrender of the current leases of Site 2 and Site 3 Newtown Industrial Estate, Birtley from R Beal and Company Limited (“the Tenant”) and the re-grant of a 125 year lease to the Tenant 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.