Issue details

Review of Property Holdings (Rolling Entry)

The County Council’s Future West Sussex Plan set out its ambition to minimise the burden of local taxation, delivering the best outcomes for residents with the money it spends, whilst living within its means.  In 2018 the County Council agreed to adopt an Asset Management Policy and Strategy. An objective of the strategy is to acquire, manage, maintain and dispose of property effectively, efficiently and sustainably, together with optimising financial return and commercial opportunities.

 

This report advises on the outcome of negotiations to vary the lease dated 24th July 2018 made between West Sussex County Council (1) and Crawley Churchill Court Centre Limited (2) for a term of years from 24.7.2018 to 23.7.2033 (“the Lease”).

 

The County Council owns the freehold estate of Churchill Court 3, Manor Royal, Crawley, RH10 9LU and the property is let to Crawley Churchill Court Centre Ltd (CC3 Ltd) who operate under the Regus branding. Regus provided a rent guarantee to CC3 Ltd and are part of the worldwide IWG company.

 

It has become necessary to negotiate a variation to the lease arrangements as detailed in the report (restricted to members only).  

 

Decision type: Key

Decision status: Recommendations Approved

Divisions affected: (All Divisions);

Notice of proposed decision first published: 19/03/2021

Anticipated restriction: Fully exempt  - View reasons

Decision due: Before 31 March 2022 by Cabinet Member for Finance and Property

Lead member: Councillor Jeremy Hunt jeremy.hunt@westsussex.gov.uk

Contact: Elaine Sanders, Property Services Manager Email: elaine.sanders@westsussex.gov.uk Tel: 033 022 25605.

Consultation process

Representation can be made via the officer contact.

Consultees

Local Members

Democratic Services Contact: Suzannah Hill Tel. 033 022 22551

Background3: A Council that Works for the Community

Decisions

Background papers

  • None