Decision - Park Royal – Leasehold Enfranchisement

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Decision details

Park Royal – Leasehold Enfranchisement

Decision Maker: Housing Committee (pre 2015)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The report has two main themes:
1. Information: Notification that, upon completion of the transaction, the freehold will pass from BHCC to a leaseholder company, the leaseholders having invoked the legal leasehold enfranchisement process.
2. Decision: the report recommends that, for reasons of efficiency and service delivery standards, the remaining 24 tenanted flats be sold on the open market as and when they become available, reinvesting the capital receipts in the provision of new affordable housing.

Decision:

(1)               That the completion of sale of the freehold and the change of freeholder and management of the two Park Royal buildings be noted.

 

Report author: Simon Pickles

Publication date: 30/04/2014

Date of decision: 30/04/2014

Decided at meeting: 30/04/2014 - Housing Committee (pre 2015)

Effective from: 08/05/2014

Accompanying Documents:

 


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