Agenda item - 3 Moulsecoomb Way, Brighton

1)             Cabinet agrees to enter into a conditional agreement in respect of 3 Moulescoomb Way, Brighton, for the surrender of the existing leases and the grant of a new lease for a term of up to 200 years and on the terms as set out in this Part 1 report.

2)             Cabinet agrees to delegate authority to the Corporate Director of City Services in consultation with the Assistant Director of Legal and Democratic Services and the relevant Cabinet Member to finalise the terms then take the necessary steps to complete the transactions.

85.1      Cabinet considered a report that sought approval to enter into a conditional agreement for the surrender of the two existing leases (the “existing leases”) for 3 Moulsecoomb Way and the grant of a new long lease of the whole of the site to facilitate its redevelopment. The initial design includes replacing the existing industrial buildings with a mixed-use development featuring modern industrial space on the ground floor and student housing above. The transaction will proceed only if a satisfactory scheme is subsequently approved by the local planning authority.

85.2      It was noted that the site location was also part of Coldean & Stanmer ward.

85.3      Councillors Rowkins, Williams and Sankey contributed to the debate of the report.

85.4      Resolved-

1)             Cabinet agrees to enter into a conditional agreement in respect of 3 Moulsecoomb Way, Brighton, for the surrender of the existing leases and the grant of a new lease for a term of up to 200 years and on the terms as set out in this Part 1 report.

2)             Cabinet agrees to delegate authority to the Corporate Director of City Services in consultation with the Assistant Director of Legal and Democratic Services and the relevant Cabinet Member to finalise the terms then take the necessary steps to complete the transactions.