Decision details

To approve the principle of the disposal of 7 Severn Place to Unex Group Holdings Limited as part of a site assembly scheme.

Matter for Decision: To consider the disposal of 7 Severn Place, Cambridge, CB1 1HL.

Decision of Executive Councillor for Housing

The Executive Councillor resolved to

i.          Approve the principle of the disposal of the HRA asset at 7 Severn Place and the reinvestment of the associated capital receipt in the provision of new additional affordable housing, subject to agreement of the terms of the sale by the Executive Councillor for Customer Services & Resources.

Reason for the Decision:

As per the officer report

Any alternative options considered and rejected:

Not Applicable

Scrutiny Considerations:

Not applicable

Conflicts of interest declared by the Executive Councillor (and any dispensations granted)

N/A