Issue - meetings

Gillingham Business Park

Meeting: 04/05/2021 - Cabinet (Item 6)

6 Gillingham Business Park pdf icon PDF 179 KB

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This report sought delegated authority for officers, in consultation with the Portfolio Holder for Resources, to complete the variation or surrender/re-grant of the existing Head Lease of Gillingham Business Park, to generate a capital receipt and/or increased revenue. 


The recommendation would release a capital receipt and/or additional revenue income for the Council and would mean that the Head Tenant and its sub tenants would have security of tenure for longer, and would therefore be more likely to invest in the business park, including investment that makes the business park more sustainable.


Decision number:




The Cabinet agreed to delegate authority to the Director of Place and Deputy Chief Executive in consultation with the Portfolio Holder for Resources to vary or enter into a surrender/re-grant of the existing leases at Gillingham Business Park with the variation or grant of a new lease or leases being on the best terms reasonably obtainable.




To facilitate the continued development of Gillingham Business Park by the head lessees and realise a capital receipt and/or additional revenue income.