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Lion Yard Investment

To decide whether or not to make an investment in the proposed redevelopment of part of the Lion Yard Shopping Centre.

Decision type: Key

Reason Key: Expenditure > £300,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 10/12/2018

Decision due: 11 Feb 2019 by Executive Councillor for Finance and Resources

Lead member: Executive Councillor for Finance and Resources

Lead director: Strategic Director (FB)

Department: Property Services

Contact: Dave Prinsep, Head of Property Services Email: dave.prinsep@cambridge.gov.uk Tel: 01223 457318.

Additional Information: This is a key item and will automatically appear on the agenda.

Background Information: The Council owns the freehold of Lion Yard Shopping Centre and discussions have taken place about the head leaseholder's proposed redevelopment opportunities. The Council has to approve the plans as Landlord and has a potential opportunity to invest in the redevelopment to generate additional revenue.


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