Decision details

Granting of a new lease for Unit 5 Hill Crest Park, Calverton.

Reference: D1634

Decision Maker: Deputy Chief Executive & Monitoring Officer

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To enable the granting of a new lease for Unit 5 Hill Crest Park, Calverton to MIES Building Services Ltd.

Decision:

To approve the granting of a new lease for Unit 5 Hill Crest Park, Calverton.

Reasons for the decision:

New Lease approval.

Alternative options considered:

An alternative would be not to grant a new lease for the premise. However, the income received is currently below market levels and the new lease would see an uplift in rent. Additionally, not granting a new lease would mean that the property is likely to become vacant and marketing and void related expenditure incurred as a result.

Publication date: 11/06/2025

Date of decision: 03/12/2024

Accompanying Documents: