Decision details

Committee considered a report that sought approval of the terms of the proposed reversionary lease.

Committee resolved to:

1.    Approve the terms of the proposed reversionary lease,

2.    Approve the fixed dilapidations settlement,

3.    Authorise the Group Head of Assets, in consultation with the Chair and Vice Chair of the Commercial Assets Sub-Committee to agree to any variations to the proposed terms; and

4.    Authorise the Group Head of Corporate Governance to enter into the Settlement Agreement, Reversionary Lease and any associated documentation including a deed of variation to the current lease.