Issue details

Purchase of NCP Lease

Purchase of the leasehold for NCP in Ashford Town Centre. This was considered as an investment in it's own right with a good yield and as marriage value to that already owned in Park Mall for later development.
This was considered by ERIB in early 2020 but then halted just before completion in March 2020 due to Covid19 and the unknown financial impacts to come.
The availability to purchase arose again in November 2020 with short timescales to consider.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 07/12/2020

Decision due: 23 Nov 2020 by Chief Executive

Contact: Paul McKenner, Head of Strategic Projects Email: paul.mckenner@ashford.gov.uk Email: paul.mckenner@ashford.gov.uk Tel: 01233 330419.

Decisions

Background papers