Issue details

To enter into Deed Variation of a Grant of Option dated 3 March 2017 between (1) London Borough of Barnet (2) Standard Life Investments Brent Cross LP and (3) Hammerson (Brent Cross) Limited (“Deed of Variation”).

On 3 March 2015 London Borough of Barnet granted an option to Standard Life Investments Brent Cross LP and Hammerson (Brent Cross) Limited relating to the Brent Cross Shopping Centre and adjoining land. The option period expires on 14 November 2017. The parties have agreed to extend the end date of the option period to 16 January by entering into the Deed of Variation.

The extension to the end date is proposed to allow the documentation to be finalised and final approvals and coordination of signatories