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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.