Key information
Decision type: Mayor
Reference code: MD1251
Date signed:
Decision by: Boris Johnson, Former Mayor of London (May 2008 - May 2016)
Executive summary
This Mayoral Decision is for the disposal, in part, of Beam Reach 8, located in Rainham, LB Havering, to H. Smith Food Group plc. (H Smith), a food distribution company.
H Smith has offered a headline figure of £650,000 per acre, exclusive of VAT, for the freehold of 1.36 acres of the site. This sale is also subject to deductions for abnormal construction costs, as set out in the part 2 confidential paper. Further costs for road construction repayment to Easter Developments, and disposal costs, that will provide a net receipt, are also defined within the part 2 paper.
The Mayor is also asked to endorse the apportioned repayment for the previous road construction as undertaken by the estate developer (Easter Developments).
Signed decision document
MD1251 H Smith - Part 1 (signed) PDF.pdf
Supporting documents
MD1251 H Smith - Part 1 PDF.pdf