Decision details

In January 2018, approval was given to purchase additional land at the former Sanofi site in order to facilitate the full ambition for film studios at Dagenham East.  The Cabinet will be asked to approve revised proposals relating to the Londoneast-UK surplus land, including the purchase of ‘The Cude’ building.

The Cabinet resolved to:

(i)  Approve the revised terms of the freehold purchase of the Londoneast-uk surplus land site and the freehold purchase of The Cube site on the terms set out in Appendix 2 to the report, for inclusion in the Council’s Investment and Acquisition Programme;

(ii)  Authorise the Chief Operating Officer, in consultation with the Director of Law and Governance and the Cabinet Member for Finance, Performance and Core Services, to enter into all necessary agreements to complete the freehold purchase of the sites identified in the plan at Appendix 1 to the report;

(iii)  Agree that up to £6.5m of capital funding be set aside for improvement / extension works to The Cube to enhance its longer-term viability; and

(iv)  Authorise the Chief Operating Officer, as advised by the Investment Panel and/or Assets and Capital Board as appropriate, to determine the future arrangements for The Cube site in accordance with the Council’s Investment and Acquisition Strategy.