Resolved – that the Director of Law and Governance has approved:

(1)  the acquisition of the Pyramids and the Grange, Birkenhead from the property owner, Mars Pension Fund Trustees;

(2)  the appointment of Jones Lang LaSalle Property Limited (JLL) to fulfil day to day property management function for the two centres including asset management, rent collection, service charge administration, proactive and reactive repairs and maintenance, security maintenance electrical testing and litter collection for a period of 12 months from the date of acquisition; and 

(3)   the appointment of Barker Proudlove Limited and Emanuel Oliver Ltd as letting agents for the shopping centres for a period of 12 months.