ADD110 Site disposal for Pontoon Dock, West Silvertown, Royal Docks

The purpose of this report is to:

Seek approval for a budget of up to £45,000 to complete the necessary due diligence and conduct a procurement exercise to complete a disposal of Pontoon Dock in the Royal Docks.

GLA Land and Property Ltd (GLAP) intends to market the Pontoon Dock site in November via the London Development Panel for which GLAP requires a comprehensive suite of information on the site to provide bidders with an accurate description of the opportunity. This will optimise the procurement process and ensure a sound basis for negotiation reducing any risks associated with the development.

GLAP require funds to procure a consultant team for legal and commercial advice in order to carry out the tender documentation. This will assist in the structure of the proposed development agreement and ensure a clean land title for the site is provided at the outset of the procurement.