Decision details

Town Centre Regeneration - acquisition of Town Centre site (FIN/RGN 1)

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To secure Executive agreement to acquire a strategic site in the Town Centre to facilitate future regeneration objectives.


The Executive Meeting considered a proposal for the Council to acquire the long leasehold interest in the land and property at Wellington Road North and Princes Street Stockport (Debenhams store) as part of one of the Council’s priorities of furthering the regeneration of Stockport Town Centre and has:-


·         approved the acquisition of the long leasehold interest in the property at Wellington Road North and Princes Street, Stockport

·         authorised the Corporate Director of Place and the Corporate Director, Corporate and Support Services, in consultation with the Executive Councillors (Finance) and (Regeneration), to settle the final terms of the agreement subject to a positive outcome to the final valuation and any outstanding due diligence.


(Note: the report included information ‘Not for Publication’ contained within its appendices)

Alternative options considered:


Interests and Nature of Interests Declared:


Wards Affected: Brinnington & Central;

Equality and/or Environmental Impact Assessment: This is covered by the existing Town Centre Regeneration Plan EIA

Decision Reference: ED1376

Forward Plan Reference: FIN/ RGN 1

Other reasons / organisations consulted

Members of the Central Stockport Area Committee

Contact: Paul Lawrence, Services for Place Email: Tel: 0161-474-4515.

Report author: Paul Lawrence, Barry Khan

Publication date: 08/02/2012

Date of decision: 06/02/2012

Decided at meeting: 06/02/2012 - Executive

Effective from: 15/02/2012

Accompanying Documents: