Decision details

To recommend Leicester City Council acquires the freehold interest in the Subject Premises known as The Heathers Industrial Estate from the vendor for £500k. 

Approve the:

• acquisition of The Heathers Industrial Estate for £500k plus stamp duty.

• addition of £515k to the capital programme as an immediate start to for the acquisition of The Heathers Industrial Estate, to be funded from the strategic acquisitions policy provision.

• The appendices are marked “Not for Publication” because it contains exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 as amended: i.e. “Information relating to the financial or business affairs of any particular person (including the Authority holding that information)”. The appendices will be published post completion.

The report contains information pertaining to the vendor’s business and commercial affairs which is why it is considered to be exempt.

The purchase of this freehold will give the Council full control of the site, protecting our existing investment.

Not applicable.