URL: https://ashford.moderngov.co.uk/ieDecisionDetails.aspx?ID=287

Decision Maker: Chief Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Purpose: The redevelopment of Park Mall and Edinburgh Road car park site has been a long-held aspiration of the Council going back to 2015. The Council currently holds a lease for the 4th floor of the Edinburgh Road Car Park. Purchasing the freehold of this asset will grant the Council full control over the redevelopment plans for the site. These plans are integral to the broader regeneration efforts of the town centre. Recommendation II. of Cabinet Report: Approve subject to negotiation and completion of appropriate due diligence, the acquisition at market value (amounts will be reported via budget monitoring retrospectively) of all sub-interests within Park Mall.

Content:

Date of Decision: December 19, 2024