Issue - decisions
44AD Art Charity - Extension of Lease at Below Market Value (WL)
20/02/2024 - 44AD Art Charity - Extension of Lease at Below Market Value (WL)
To delegate approval to the Head of Corporate Estate, in consultation with the Section 151 Officer and the Cabinet Member for Resources, to progress an extension to the period of abated rent for 4 Abbey Street to 44AD for three years from the date of a decision and to delegate the approval of heads of terms for the lease, at less than open market value to regeneration purposes. This is on the basis that the benefit of the charitable arts use of the space outweighs the need to achieve best consideration in this case.