1 November 2103
Update on Ground Leases at Cornwall Park
The Cornwall Park Trust Board said today that it was pleased at the very good progress that had been made in settling
lease renewals.
Out of 94 leases for renewal since 2005 only six remained outstanding and were expected to be settled shortly.
The Trust Board has been examining ways of making the leases more modern, while still meeting the need to contribute on
commercial terms to the running of the park. As previously indicated it will be appointing a lessee reference group to
assist in this.
“As set out in the original gifting document for the park by Sir John Logan Campbell, the income from these ground
leases goes straight back into running the park, which has no government or Council funding,” Michael Ayrton, Park
Director said.
“We are very pleased to have now settled nearly all the leases in the current round. We will continue to work with
lessees to ensure the leases can work as well as possible both for them and for the ongoing upkeep and future
development of the park.”
ENDS