Decision Details

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This section allows you to view the general details of a Decision

Details

Status:
Implemented
Title:
Approval for Disposal of Core Retail Asset in the City Centre II (Gazette & Court)
Include item on Forward Plan
Yes
Is Key Decision
Yes
Item Contains Exempt/Private Reports
Yes
Reference:
015562/2025
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Executive Director - Place, Prosperity and Sustainability
Implementation Date (not before meeting on)
Tue 23 Sep 2025
Purpose
This report updates the Cabinet Committee Property following the approval for disposal by the Property Investment Board and seeks authority for the sale of an additional core retail asset of Gazette Buildings and Court Chambers that has been identified as surplus Council owned land and property located in the City Centre on Corporation Street by the sale of its freehold.
Key Portfolio
Deputy Leader and Economy & Skills
Decision Maker
Not Applicable
Chief Officer Decision Maker
------ N/A ------
Reason For Key Decision

Capital in excess of (or making savings in excess of) £1m

Relevant Documents
Decision Type:
Committee
Decision Maker:
Cabinet Committee – Property
Directorate
Place, Prosperity and Sustainability
Other Information
Private Reason
Paragraph 3 - information relating to the financial or business affairs of a particular person (including the authority holding that information)
Decision Outcome

On 23 September 2025, Cabinet Committee – Property:-

 

(i)  Authorised the Assistant Director for Corporate Landlord to conclude an unconditional freehold sale of the surplus Council owned property to the proposed purchaser as detailed in Exempt Appendices 2, 3 and 4 relating to:-

 

3.1.1  The sale of the property asset known as Gazette Building & Court Chambers;

 

(ii)  Authorised the Assistant Director for Corporate Landlord to revert to the under bidders in the event of a failure to complete and conclude a sale to an underbidder on the best available terms subject to the Council’s duties under Section 123 of the Local Government Act 1972;

 

(iii)  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 MONDAY 29 SEPTEMBER 2025.

Would the recommended decision be contrary to the budget and policy framework:
No
Decision Options:

Additional Information

Reg 10
Reg 11

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Ladywood

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

Economy and Skills Overview and Scrutiny Committee

This section allows you to view the reports for the Decision.

Reports

  1. Approval for Disposal of Core Retail Asset in the City Centre II (Gazette & Court)
    • Information relating to the financial or business affairs of any particular person (including the authority holding that information);
  2. pdf CCP Report Approval for Disposal of Core Retail Asset (179Kb)
    1. pdf Appendix 1 - Site Plan (373Kb)
    2. pdf Exempt Appendix 2 - Recommendations - Private Report
    3. pdf Appendix 2a - Historic England Initial Assessment (152Kb)
    4. pdf Exempt Appendix 3 - Agent Recommendations Proforma Report - Private Report
    5. pdf Exempt Appendix 4 - Heads of Terms - Private Report
    6. pdf Appendix 5 - Equality Impact Assessment EIA000540 (679Kb)

This section displays the history of the Decision.

Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 17.
21/08/2025 09:17:08Lynda Parchment Business Item Created 
21/08/2025 09:17:08Lynda Parchment Committee AddedCabinet Committee – Property
21/08/2025 09:17:08Lynda Parchment Meeting Added23/09/2025 1:00PM
21/08/2025 09:17:59Lynda Parchment Ward AddedLadywood
21/08/2025 09:19:07Lynda Parchment Contacts Edited 
21/08/2025 09:19:40Lynda Parchment OS Committee AddedEconomy and Skills Overview and Scrutiny Committee
21/08/2025 09:20:32Lynda Parchment General Details Edited 
21/08/2025 09:22:48Lynda Parchment Report AddedDocument ID 297553: Approval for Disposal of Core Retail Asset in the City Centre II (Gazette & Court)
21/08/2025 09:23:53Lynda Parchment Status ChangedDecision Scheduled [1]
15/09/2025 10:09:59Ghalub Hussain Report AddedDocument ID 300336: CCP Report Approval for Disposal of Core Retail Asset

Approval/Comments

No history found.