To approve the disposal of the Innovation Centre, 49 Oxford Street, Leicester, LE1 5XY on a one-to-one basis to the current lease holder, De Montfort University (DMU) for £2.2m with a covenant restricting use, along with an overage clause for future residential conversion.
It is noted that the City Barrister and Head of Standards Division, will prepare and execute all necessary documentation required. The Director of Estates and Building Services Division will agree on the required detailed terms.