Decision Details

Implemented

City Centre Chamberlain Buildings

Yes

001203/2016

No

Report of the Director of Property.

Tue 28 Jun 2016

To gain approval to market some of the buildings within the City Centre property portfolio for disposal on a long leasehold basis - and enter into an agreement of understanding with the neighbouring freeholder for a joint disposal where appropriate.

OLD - Jobs and Skills

Cabinet

1 Diamond

Project in excess of £500,000 revenue and/or £1m capital

Committee

Cabinet

Cabinet on 28 June 2016:- (i) Authorised the Director of Property to negotiate and enter into a collaboration agreement with the Police and Crime Commissioner West Midlands to facilitate a regeneration project involving the joint assets at Corporation Street/Steelhouse Lane, (see plan Appendix 2 to the report) which will contribute to the delivery of the Snow Hill Masterplan Victorian Quarter, and approved the joint marketing of those assets for disposal on a long leasehold basis; (ii) Authorised the Director of Property to market the Pitman Building and Murdoch Chambers on Corporation Street for disposal on a long leasehold basis (see plan Appendix 3 to the report); (iii) Noted that a further report will be presented once marketing and shortlisting has been undertaken, with a recommendation as to the preferred development partners for each opportunity; (iv) Authorised the City Solicitor to negotiate, execute and complete all necessary legal documents to give effect to the above recommendations. THE DEADLINE FOR CALL IN IS 1600 HOURS ON 4 JULY 2016.

No

No

No

No