Decision details

Durley Road Car Park Development – Lease to a Development Subsidiary of Bournemouth Development Company LLP (BDC)

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


To approve the final terms and the grant of a lease of the Durley Road Car Park site to Durley Road Development LLP (the Subsidiary) at less than the best consideration reasonably obtainable and otherwise on terms in accordance with the Option Agreement dated 17th February 2011.

To approve the final terms and the entry into of the Council Loan Note and Additional Council Finance Loan Note, together with the associated security agreement between the Council and BDC LLP (BDC).

Publication date: 17/11/2020

Date of decision: 13/11/2020

Accompanying Documents: