Decision details

Lease of the main LJ Works (Loughborough Junction) site to Meanwhile Space Community Interest Company (CIC).

Decision Maker: Head of Valuation and Strategic Assets

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

1.         To grant an Agreement to Lease to Meanwhile Space CIC for the LJ Works site in Loughborough Junction on the basis of terms set out in the body of this report.

 

2.         Under the terms of the Agreement to Lease, to make a Landlord’s Contribution of no greater than £275,000 in order to deliver the fitout works required to complete the capital works on site and commence occupation.    

 

3.         Upon satisfactory conclusion of construction works to be delivered under the Agreement for Lease, to grant a Lease of 20 years and 9 months to Meanwhile Space CIC for the LJ Works site.

 

Publication date: 16/08/2022

Date of decision: 24/08/2022

Accompanying Documents: