Issue - meetings

This report provides an update on the progress of this project since the last report to Executive in November 2008, including the outcome of the procurement process to identify a development partner, and seeks approval for a recommended course of action to continue the project.

RESOLVED: (i)         That the successful outcome of the procurement process, with the result that LaSalle UK Venture Property are the preferred concessionaire for the Castle Piccadilly Regeneration Project, be noted.

REASON:      So that the requirements of the procurement process are satisfied.

                        (ii)        That the recommended course of action for the next stage of the project, as detailed in paragraphs 8 to 11 of the report, be approved.

REASON:      So that negotiations can take place with the preferred concessionaire and the development partner to ensure that this project, which is vital for the long term economic well being of the City, can be quickly progressed.

Members considered a report which provided an update on the progress of the Castle Piccadilly regeneration project since the last report to Executive, in November 2008, and recommended a course of action to continue the project.

A full procurement exercise had been undertaken, in accordance with all procurement and legislative requirements.  Responses to the Invitation to Tender had been assessed and Officers had met with the proposed development partner or ‘Preferred Concessionaire’, LaSalle UK Ventures Property. This company was the current operator of the Coppergate Centre.  They had appointed Centros as their development manager, to deliver a retail-led scheme on the Castle Piccadilly site that met the Council’s aims and objectives.  Centros had extensive experience of similar projects.

The Council would now work with LaSalle and Centros to take the project through the next stages, as set out in the Castle Piccadilly Planning Brief.  The next steps in this process, which included public consultation and reporting to Members at each stage as well as early engagement with key agencies, were set out in paragraphs 8 to 11 of the report

Having noted the comments of the Shadow Executive on this item, it was

RESOLVED: (i)         That the successful outcome of the procurement process, with the result that LaSalle UK Venture Property are the preferred concessionaire for the Castle Piccadilly Regeneration Project, be noted.

REASON:      So that the requirements of the procurement process are satisfied.

                        (ii)        That the recommended course of action for the next stage of the project, as detailed in paragraphs 8 to 11 of the report, be approved. ¹

REASON:      So that negotiations can take place with the preferred concessionaire and the development partner to ensure that this project, which is vital for the long term economic well being of the City, can be quickly progressed.