Decision Details

On 28 November 2024, Cabinet Committee – Property:-

1. Authorised the Assistant Director of Corporate Landlord to confirm selection of the preferred development partner;
2. Authorised the Assistant Director of Corporate Landlord to accept the bid and conclude the terms with the preferred development partner for entering into a new lease with pre-development conditions for a premium on Council owned assets at the former Tower Ballroom site, The Lodge Building and additional land at Reservoir Rd, Birmingham B16 2EE (“the Property”) as shown edged bold black on the attached site plan at Appendix 1 and extending to 15,700 sqm by the grant of a new 250-year lease to the Developer as tenant and detailed in Exempt Appendix 2,3 & 4, to the report;
3. Approved the additional use of required land identified in the manner described in 1.2 above held in both the Leaders Portfolio and also further property interests held by the Parks and Local Services Directorate as shown included and edged bold black on the attached site plan at Appendix 1, to the report, that extends to a cumulative 15,700 sqm;
4. Noted that the purchaser will pay a contribution towards the Council’s surveyor and legal costs, as detailed in Exempt Appendix 2, to the report;
5. Authorised the City Solicitor to prepare, negotiate, execute, and complete all relevant legal documentation to give effect to the above decisions.

THE DEADLINE FOR CALL IN IS 1600 HOURS ON WEDNESDAY 4 DECEMBER 2024.