Greenwich Council

Decision details

The Woolwich Creative District - Leases for electricity substations

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Agreed that the Royal Borough of Greenwich may acquire from Berkeley Fifty Five Limited (Berkeley 55) a long leasehold interest of an existing substation building adjacent to Building 19, The Royal Arsenal, for the purpose of supplying electricity to the Council’s buildings in the Woolwich Creative District.

 

Noted the outline acquisition terms, at a peppercorn rent, as set out in 5.0 of the report

 

Agreed that the Royal Borough of Greenwich may grant one or more subleases at a peppercorn rent to United Kingdom Power Networks (UKPN), or other approved Distribution Network Operator, of the various substations supplying electricity to the Council’s buildings in the Woolwich Creative District.

 

Delegated authority to the Director of Regeneration, Enterprise and Skills to approve terms of the proposed lease from Berkeley 55 and, in turn, approve terms for sub-letting substation sites to UKPN.

 

Noted that, under the current scheme of delegation, the Leader approves lettings at less than full market rental. In this case, the Leader has agreed to a variation to the scheme of delegation to enable Cabinet to make the appropriation decision.

 

 

 

 

Report author: Richard Atkins

Publication date: 18/04/2019

Date of decision: 17/04/2019

Decided at meeting: 17/04/2019 - Cabinet

Effective from: 27/04/2019

Accompanying Documents: