PCD 1179 Lease Surrender - Tower Bridge Business Park, Mandela Way

PCD 1179 Lease Surrender - Tower Bridge Business Park, Mandela Way

The warehousing facility at Tower Bridge Business Park, Mandela Way is surplus to requirements and this paper seeks an early surrender of the lease in order to minimise rental and operating costs until the end of the lease term. The surrender premium is set out in the restricted part 2 of this paper. 

The Deputy Mayor for Policing and Crime is recommended to agree to the surrender of lease of Units A and B Tower Business Park Mandela Way to the Freeholder, the Duchy of Lancaster as set out in the Part 2 decision sheet.  

PART I - NON-CONFIDENTIAL FACTS AND ADVICE TO THE DMPC 

1. Introduction and background  

1. MOPAC has a 35-year lease for the Mandela Way business park warehousing facility which expires on 22 September 2023. The lease terms include a rent of £1,120,000 per annum on fully repairing and insuring terms. 

2. Issues for consideration 

1. Following the completion of the new warehousing facility at Belvedere this facility is surplus to requirement, and so this paper seeks the early surrender of the lease in order to minimise costs. 

3. Financial Comments  

1. The annual rental for the office is £1,120,000.  The negotiated early surrender premium is set out in the restricted section of this paper as it is commercially sensitive.  The proposed cost will be met from within the existing MPS reserves.  

4. Legal Comments 

1. In carrying out its functions, the MOPAC may, under paragraph 7, Schedule 3 of “the Act” “do anything which is calculated to facilitate, or is conducive or incidental to, the exercise of the functions of the Office.” This includes entering into contracts and other agreements, in addition to acquiring and disposing of property (including land) under paragraph 7 (2) (b) of Schedule 3 of “the Act.”.  The surrender constitutes the disposal of property. 

2. Paragraph 4.16 of the MOPAC Scheme of Delegation and Consent provides that the Deputy Mayor for Policing and Crime (DMPC) has delegated authority to approve all surrenders of leases. 

5. Commercial Issues  

1. The commercial details of the surrender are set out in the restricted section of this paper. 

6. GDPR and Data Privacy  

1. MOPAC will adhere to the Data Protection Act (DPA) 2018 and ensure that any organisations who are commissioned to do work with or on behalf of MOPAC are fully compliant with the policy and understand their GDPR responsibilities.   

2. The MPS assure that the project does not use personally identifiable data of members of the public, so there are no GDPR issues to be considered. 

7. Equality Comments  

8. MOPAC is required to comply with the public sector equality duty set out in section 149(1) of the Equality Act 2010. This requires MOPAC to have due regard to the need to eliminate discrimination, advance equality of opportunity and foster good relations by reference to people with protected characteristics. The protected characteristics are: age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation. 

9. The MPS assure that there are no equality or diversity issues arising from this paper. 

8. Background/supporting papers 

• Appendix 1 MPS Report - Surrender, Units A&B Tower Bridge Business Park, Mandela Way, London