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Energy Centre Lease – Canynge House, Somerset Street, Redcliffe

03/10/2022 - Energy Centre Lease – Canynge House, Somerset Street, Redcliffe

Approval provided by the Director of Property, Asset and Infrastructure and Executive Director of Growth and Regeneration as delegated by Cabinet on 12th July 2022. To enter a 50-year lease with Bristol Heat Networks Ltd (BHNL) of part of the basement plant room in the residential housing block Canynge House in Redcliff, where an Energy Centre has been installed to provide heat to the District Heat Network.
This lease is being granted at a nil rental, which has been determined as an undervalue (a value below a level that the council could demand if acting commercially). The District Heat Network will generate heat for Commercial and residential properties on the Redcliff Heat Network.