Decision details

The Cabinet will be asked to approve the transfer of a strip of land owned by Barking Riverside Limited to the Council to support the 12 Thames Road development in exchange for the surrender an area of land leased to the Council.

Cabinet resolved to:

(i)  Agree to the land swap arrangements with Barking Riverside Limited on the terms set out in the report, whereby the Council shall acquire the freehold interest in the land shown edged red in Appendix 1 to the report in exchange for surrendering the Council’s leasehold interest in the land shown shaded orange in Appendix 2 to the report; and

(ii)  Authorise the Director of Law and Governance, or an authorised delegate on her behalf, to execute all the legal agreements, contracts and other documents necessary to implement the arrangements on behalf of the Council.