DD1198 Press and Broadcast Centres Lease

Type of decision: 
Director's decision
Code: 
DD1198
Date signed: 
23 May 2014
Decision by: 
David Lunts, Executive Director Housing and Land

Executive summary

The London Legacy Development Corporation (“Legacy Corporation” or “LLDC”) seeks prior Mayoral consent to the LLDC Board’s decision to approve the granting of a lease for the Press and Broadcast Centres to iCity, the company selected to transform the centres into a world-leading creative and digital cluster, following the meeting of all conditions of an Agreement for Lease signed by LLDC and iCity on 16 May 2013. Approval is required because the land falls within the purview of the National Lottery Repayment Agreement.

The Executive Director of Housing and Land, or such other specified Senior Member of GLA staff is authorised (under MD1166) to discharge and exercise the Mayoral functions under the LLDC Governance Direction 2013 (approved by MD1227).

Part 1: Non-confidential facts and advice