Decision details

The council is seeking to appoint a delivery partner to develop two council-owned sites in Brixton town centre to support its future growth and economic and community resilience. This process was agreed by Cabinet in February 2020, following which the council undertook a competitive negotiation process as part of the procurement exercise. A preferred bidder has now been identified as the most suitable development partner to deliver these two sites.

The council is seeking approval to award this contract for the development partner to deliver on the council’s ambitions and objectives to support the social and economic needs of the local community.

a)    For the Council to enter into a Development Agreement with London Square for the redevelopment of the identified sites.

b)    To delegate the finalisation of the Development Agreement to the Strategic Directors of Sustainable Growth and Opportunity, in consultation with Director of Legal and Governance, in line with the key terms outlined in this report and for the Council thereafter to enter into that agreement with London Square.

c)    In accordance with and subject to the provisions of the Development Agreement to enter into a long lease of at least 250 years for each Development Phase on satisfaction of Conditions Precedent with London Square.

d)    To create a new capital budget of £3,200,000 to carry out works to separate the utility services supplying the Brixton Rec and International House, in preparation for the development.

e)    To create a new capital budget of £400,000 to cover professional fees, legal and commercial services costs anticipated over the life of the project.