Early in 2023, the Council worked with
Lendlease, its development partner, to revise and agree a new
phasing programme for the High Road West development. As a result
of the revised phasing, the conditions of the development agreement
with Lendlease will need to be amended to accommodate changes in
the phase lease structure, including a shorter lease term for Phase
1A so that they are consistent with the requirements of both
parties and in line with the requirements of the GLA funding
agreements.
This commission will appoint Lavat Consulting Ltd. to act in an
advisory capacity to the Council, to provide specialist tax advice
that will enable the Council to make diligent decisions for the
changes related to this immediate requirement and going forward
towards making the development agreement unconditional and
progressing works in relation to the Phase 1A lease. A direct award
is considered to be the most expedient way to effectively
commission an opportunity of this value.