Decision details

Cabinet considered a report which set out outline terms for two proposed strategic land and property acquisitions at a prominent location in King’s Lynn.  Authority was sought from Cabinet to progress these acquisitions through to completion, subject to agreeing acceptable terms in consultation with the relevant Portfolio Holder.

A discussion was held on other land and properties in the surrounding area.

RECOMMENDED: 1)        That the acquisition of the land asset is progressed along the lines set out within the report.

2)       That the Capital Programme is adjusted to accommodate the acquisition of the site identified within the report.

3)       That delegated authority is given to the Property Services Manager to finalise the terms of the proposed disposals set out within this report in consultation with the Portfolio Holder for Corporate Projects and Assets.

4)       That authority is granted to the Legal Services Manager to progress the necessary transfer, or any other associated, documentation through to completion.

Reason for Decision

The sites are located at one of the major vehicle interchanges in King’s Lynn and this is considered to be a “gateway” site.  The proposal set out within this report fits well with the regeneration proposals for King’s Lynn and the recommendations set out by the Regeneration and Economic Development Member Task Group, and the Heritage Member Task Group in 2014.