Decision details

Update on the marketing and fit-outs of office and industrial units at this site which has been jointly-developed with SEEDA, with recommendation that, because of upturn in demand for units, officers investigate options for future management of the site with SEEDA.

That Members note the current improving position regarding take up of lettings.

That Officers continue working with SEEDA towards a target of 75% occupancy by April 2011.

That Officers investigate with SEEDA options for management of this site once the primary objective of ensuring that all employment units are occupied has been achieved.

That Members approve the addition to the capital programme of the cost of the fit-outs and the external funding to offset this cost.

In the interests of assisting the development of the economy of the area through full occupation of Eurokent Business Park

This work is funded via external grant from SEEDA and through SEEDA’s share of the sale of a Premium long-term lease. No other alternatives necessary.