Decision Maker: Assistant Director: Assets and Property
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Council’s tenant of the above
property has requested that they be given licence to allow the
assignment of Land at Send Barnes Lane which includes Villages
Medical Centre.
Primary Health Investment Properties Limited (The Tenant) wish to
assign their lease to PHP SPV Limited (The Assignee) as per clause
38 of the lease dated 18 March 2002. In accordance with the
Council’s General Disposal Consent powers, the proposed
assignment provides the ‘best consideration reasonably
obtainable’ where at the time of assignment the remaining
term exceeds seven (7) years.
The Council cannot unreasonably withhold or delay consent for such
assignment.
If you have any queries, then please contact Damien Cannell who
will be happy to provide further information.
Assignment request.
Primary Health Investment Properties Limited
(The Tenant) were asked if they wished to acquire the leased
demise. They declined.
The decision meets the statutory/policy requirements for the
Council and there were no alternative options available.
Publication date: 07/10/2021
Date of decision: 05/10/2021