Decision details
Waiving of SO CSO 10.01.1 re completion of the lease at Unit 2 Fountayne Business Park
Decision Maker: Assistant Director for Corporate Property and Major Projects
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
That standing order CS0 10.01.1 is waived in
in order to appoint Cushman Wakefield to act on the Council's
behalf to negotiate and complete the purchase of the Head Lease of
Unit 2 Fountayne Business Centre and to sub-let the building to
NCDS.
Reasons for the decision:
The nature of the transaction, the location of
the building and knowledge of the [arties involved is key in
negotiating the transaction. Cushman & Wakefield have acted for
both the Council and NCDS in the past and are familiar with this
location
Alternative options considered:
An alternative agent could be appointed
although they would not have the knowledge and experience of
transactions in the area or the relationship with the parties as
Cushman & Wakefield
Publication date: 14/03/2017
Date of decision: 14/11/2016
Accompanying Documents:
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