MD1209 Approval to grant a lease of a newly acquired building “the Click”

Orient Regeneration (O-Regen) was a subsidiary of Peabody Homes set up to manage social welfare through recreation. There have been a number of issues with O-Regen, and the company is now in liquidation leaving a number of properties to be dealt with.

GLA Land and Property Ltd (GLAP) has recently taken from the Liquidator the freehold transfer of one of these buildings – The Click.

The Liquidator had found a tenant, a doctor’s surgery that would provide both an income stream and a beneficial and needed community use. GLAP now proposes to proceed with the grant of the proposed lease now GLAP has the freehold title to the building and approval is accordingly sought.