Decision details

Proposed Purchase of Maritime House Office Building, Linton Road, Barking

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Cabinet will be asked to consider the proposed purchase of the Maritime House office block as a long term regeneration site.

Decision:

Cabinet resolved to:

 

(i)  Approve the purchase of the Maritime House site, Linton Road, Barking, as shown edged red in the plan at Appendix 2 to the report, in accordance with the draft Heads of Terms set out in Appendix 3 to the report;

 

(ii)  Authorise the Strategic Director, Finance & Investment, in consultation with the Chief Legal Officer, to enter into all necessary legal documents to finalise the transaction in accordance with the draft Heads of Terms.

Report author: Jonathan Langham

Publication date: 21/09/2022

Date of decision: 20/09/2022

Decided at meeting: 20/09/2022 - Cabinet

Effective from: 29/09/2022

Accompanying Documents: