DD883 Peruvian Wharf – Option Agreement

Type of decision: 
Director's decision
Code: 
DD883
Date signed: 
23 May 2014
Decision by: 
David Lunts, Executive Director Housing and Land

Executive summary

The purpose of this decision is to request approval for the assignment of an option agreement by the GLA to the Port of London Authority (PLA). If the option is exercised the PLA would be able to acquire the freehold of the safeguarded wharf at Peruvian Wharf from the current landowner.

In addition, approval is required for the GLA to commence negotiations with the PLA to enter into a co-operation arrangement (or similar arrangement such as a memorandum of understanding) whereby both parties agree to work together on reactivating and relocating wharves within the Thameside West area in accordance with the London Plan which will in turn release GLA land for future development and regeneration.

The precise terms of this arrangement will be agreed by both parties as soon as possible and be approved by the Executive Director of Housing and Land or by the Executive Director of Development and Environment as appropriate.

Part 1: Non-confidential facts and advice