HSBC BUILDING : UPDATE

Categories:News
Clifton Team

We would like to share the following information with you since we believe it is important to keep our supporters and members informed on the progress of our negotiations:

This notice provides an update on The Clifton Community Arts Centre Ltd’s negotiations to obtain a short lease on the vacant HSBC building in Wellington.

The building is subject to a superior lease between HSBC and the landlord (the Head Lease).  We are looking to get a sub-lease.  The Head Lease’s provisions allow HSBC to create a sub-lease but these are subject to certain consents from the landlord.

We have today submitted a detailed paper to the agents acting for HSBC which we believe should afford the landlord the various assurances he should require to provide his consents for the sub-lease to be agreed.  This is particularly so, in so far, as the landlord is a charity whose charitable objects replicate our aims and as such we would not expect the landlord to unreasonably withhold consent.

We will issue another notice once we have heard further.

If you would like more information please do contact us at enquiries@theclifton.org