Lease Approval - 437-441 Bourke Street, Surry Hills - Woolworths Metro

Decision Maker: Council

Decision status: Recommendations Determined

Purpose:

Council endorsement is sought to approve the proposed new lease terms for Woolworths Metro, at Surry Hills in line with legislative requirements and to ensure transparent and efficient management of City assets.

Decision:

It is resolved that:

(A)      Council approve the grant of a new lease to Woolworths Group Limited (ACN  000 014 675) for part 437-441 Bourke Street, Surry Hills (being Lot 2 in DP1063190) in accordance with the essential lease terms and conditions contained within Confidential Attachment A to the subject report;

(B)      Council approve the granting of an initial term of 10 years plus 4 further options of 5 years (4 x 5) as per the terms outlined in Confidential Attachment A to the subject report; and

(C)      authority be delegated to the Chief Executive Officer to negotiate, execute and administer the terms of the lease and associated agreements, in accordance with the essential terms and conditions contained within Confidential Attachment A to the subject report.

Carried unanimously.

X104524

 

Report author: Michelle Abbey

Publication date: 25/08/2025

Date of decision: 25/08/2025

Decided at meeting: 25/08/2025 - Council

Accompanying Documents: