Decision details

Decision Maker: Corporate Director Planning, Growth and Sustainability

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To grant a new lease- – Unit 5&6 Friars Square Shopping Centre

Reasons for the decision:

The terms of the lease renewal are in line with the market. The proposed
lease renewal will generate a revenue to support delivery of the Council’s services and
meeting the Council’s obligations under Section 123 of the Local Government Act 1954.

Alternative options considered:

Not to progress with the renewal. This
would result in the loss of a significant fascia from the scheme and the onboarding of a vacant
unit until a new occupier could be found. This would be to the financial detriment of the
Council.

Wards Affected: Aylesbury North;

Details of any conflict of interest declared: There are no known conflicts of interest.

Contact: John Reed, Director of Property & Assets Email: John.Reed@buckinghamshire.gov.uk.

Publication date: 08/02/2023

Date of decision: 07/02/2023