Agenda and minutes

Property Investment Board - Wednesday, 14th January, 2015 1.45 pm

Venue: Committee Room 1 - 2nd Floor West Wing, Guildhall. View directions

Contact: David Arnold
tel. no.: 020 7332 1174  Email: david.arnold@cityoflondon.gov.uk

Items
No. Item

1.

Apologies for Absence

 ...  view the full agenda text for item 1.

Minutes:

Apologies for absence were received from Deputy Ken Ayers, Roger Chadwick, Dhruv Patel, and Tom Sleigh.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

There were none.

 ...  view the full minutes text for item 2.

3.

Minutes pdf icon PDF 133 KB

To approve the public minutes and summary of the Property Investment Board meeting held on 10 December 2014.

 

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED – That the public minutes and non-public summary of the meeting held on 10 December 2014 be approved.

 ...  view the full minutes text for item 3.

4.

Questions on matters relating to the work of the Board

 ...  view the full agenda text for item 4.

Minutes:

There were none.

 ...  view the full minutes text for item 4.

5.

Any other business that the Chairman considers urgent

 ...  view the full agenda text for item 5.

Minutes:

There was none.

 ...  view the full minutes text for item 5.

6.

Exclusion of the Public

MOTION – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

 

 

 

 ...  view the full agenda text for item 6.

Minutes:

RESOLVED – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

 

Item No.

Paragraph No.

 

 

 

 

 

 

 ...  view the full minutes text for item 6.

7.

Non Public Minutes

To approve the non-public minutes of the Property Investment Board meeting held on 10 December 2014.

 ...  view the full agenda text for item 7.

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 10 December 2014 be approved.

 

 

 ...  view the full minutes text for item 7.

8.

Quarterly Delegated Authorities Update - 1 October 2014 to 31 December 2014 Quarter 4

Report of the City Surveyor.

 ...  view the full agenda text for item 8.

Minutes:

The Board received a report of the City Surveyor that advised Members of property transactions approved under his delegated authority between 1 October and 31 December 2014.

 ...  view the full minutes text for item 8.

9.

Outstanding Lease Renewals & Rent Reviews

Report of the City Surveyor.

 ...  view the full agenda text for item 9.

Minutes:

The Board received a report of the City Surveyor regarding outstanding lease renewals and rent reviews.

 ...  view the full minutes text for item 9.

10.

City Fund Strategic Review - Annual Update

Report of the City Surveyor.

 ...  view the full agenda text for item 10.

Minutes:

The Board received a report of the City Surveyor that informed Members of progress to the strategy of the City Fund’s Property Investment portfolio.

 ...  view the full minutes text for item 10.

11.

Bridge House Estates Strategic Review - Annual Update

Report of the City Surveyor.

 ...  view the full agenda text for item 11.

Minutes:

The Board received a report of the City Surveyor regarding the strategy for the Bridge House Estates investment portfolio.

 ...  view the full minutes text for item 11.

12.

City Fund & City's Estate Highway Disposal - Barts Square, EC1

Report of the City Surveyor.

 ...  view the full agenda text for item 12.

Minutes:

The Board considered a report of the City Surveyor regarding the disposal of Barts Square, EC1.

 ...  view the full minutes text for item 12.

13.

Disposal of Bernard Morgan House

Report of the City Surveyor.

 ...  view the full agenda text for item 13.

Minutes:

The Board considered a report of the City Surveyor regarding the proposed disposal of Bernard Morgan House.

 ...  view the full minutes text for item 13.

14.

Queensbridge House, Queens Quay and 25 Little Trinity Lane, EC4 - Riverside Walkway

Report of the City Surveyor.

 ...  view the full agenda text for item 14.

Minutes:

The Board received a report of the City Surveyor regarding the redevelopment of the Queensbridge House site.

 ...  view the full minutes text for item 14.

15.

First Registration of the City's Freehold Titles - Progress since January 2014

Joint report of the City Surveyor and the Comptroller and City Solicitor.

 ...  view the full agenda text for item 15.

Minutes:

The Board received a joint report of the City Surveyor and the Comptroller and City Solicitor regarding the progress made since January 2014 of the City of London Corporation’s title registration project.

 ...  view the full minutes text for item 15.

16.

42 North Road - Police Accommodation Update (TO FOLLOW)

Report of the City of London Police.

 ...  view the full agenda text for item 16.

Minutes:

The Board considered a report of the Commissioner of the City of London Police regarding the Police Accommodation Project.

 ...  view the full minutes text for item 16.

17.

New Letting

Report of the City Surveyor.

 ...  view the full agenda text for item 17.

Minutes:

The Board considered a report of the City Surveyor that sought approval to the letting of 42 North Road to a private tenant.

 ...  view the full minutes text for item 17.

18.

Development Agreement and Sale of Freehold

Report of the City Surveyor.

 ...  view the full agenda text for item 18.

Minutes:

The Board considered a report of the City Surveyor that sought approval to a Development Agreement and a sale of freehold within City’s Estate.

 ...  view the full minutes text for item 18.

19.

Surrender and New Letting

Report of the City Surveyor.

 ...  view the full agenda text for item 19.

Minutes:

The Board considered a report of the City Surveyor regarding a surrender and new lease at 26-27 Store Street, WC1.

 ...  view the full minutes text for item 19.

20.

Rent Review

Report of the City Surveyor.

 ...  view the full agenda text for item 20.

Minutes:

The Board considered a report of the City Surveyor regarding a rent review of a retail premises.

 ...  view the full minutes text for item 20.

21.

Rent Review

Report of the City Surveyor.

 ...  view the full agenda text for item 21.

Minutes:

The Board considered a report of the City Surveyor regarding a rent review of an office premises.

 ...  view the full minutes text for item 21.

22.

Rent Review

Report of the City Surveyor.

 ...  view the full agenda text for item 22.

Minutes:

The Board considered a report of the City Surveyor regarding a rent review of a commercial building comprising of offices and retails accommodation.

 ...  view the full minutes text for item 22.

23.

Letting Update report to London Film School - Exhibition Hall 1, Barbican Centre (TO FOLLOW)

Report of the City Surveyor.

 ...  view the full agenda text for item 23.

Minutes:

The Board considered a report of the City Surveyor regarding the principle terms for the grant of a 50 year lease to the London Film School (LFS) at the Barbican Centre Exhibition Hall 1.

 ...  view the full minutes text for item 23.

24.

Non-Public questions on matters relating to the work of the Board

 ...  view the full agenda text for item 24.

Minutes:

There was one question.

 ...  view the full minutes text for item 24.

25.

Any other business that the Chairman considers urgent and which the Board agrees should be considered whilst the public are excluded

 ...  view the full agenda text for item 25.

Minutes:

There was none.

 ...  view the full minutes text for item 25.