Issue - meetings

Further to Minutes 35 (20 October 2020) and 50 (17 November 2020), the Cabinet Member for Regeneration and Economic Development introduced a report on the proposed lease of two small areas of Council-owned land to facilitate the delivery of Eastbrook Studios Limited’s plans for film studios in the Borough. 

The Cabinet Member advised that the first area of land was at the former Welbeck Steel site, River Road, Barking, which UK Power Networks (UKPN) had identified for a new sub-station to provide adequate power to the new studio development at the site.  The second area was a thin strip of land lying between the public highway at Rainham Road South, Dagenham and the main film studio site which, due to being on a gradient, attracted litter and was challenging to clear.  As Eastbrook Studios Ltd were tasked with creating a strong and attractive frontage to the site in the later phases of the development, it was appropriate to transfer the land to the company to enable it to deliver that aim. 

Cabinet resolved to:

(i)  Agree that the Council enters into a 99-year lease with London Power Networks PLC for the site shown in Appendix 1, on the terms set out in the report;

(ii)  Agree that the Council enters into a 250-year lease with Eastbrook Studios Ltd for the site shown in Appendix 2, on the terms set out in the report; and

(iii)  Authorise the Strategic Director, Law and Governance to enter into all necessary agreements to facilitate the lease arrangements.