2 May 19

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From the Principal

GC GI E GREE LIGHT TO COR W LL HO E

Dear Colleagues

I am delighted to be able to say that it's YES to Cornwall House; we can at last begin to plan with certainty the Thameside campusso vital to our future.

The Univer ity Grants Committee met last Thursday (28 April 1988) and we understand that they have agreed to the College'sdevelopment proposals for Cornwall House. This leaves the way clear for the College to proceed with all peed to formally acquirethe Cornwall House lease and to get to grips with detailed projections for future use of the building. We are still in discussion withthe District Valuer over the lease but can expect the UGC's decision to significantly speed up such negotiations and legal forma­Litie that remain.

fter a considerable period of patient, delicate and complex negotiations this is excellent news. It was just over a year ago thatKing's was given approval by the Department of the Environment to proceed with attempts to acquire the lease and now that theUG have ratified our plans the picture looks extremely bright.

Written confirmation of the UGC's decision has yet to be received and the actual terms and conditions attached to the agreementare as yet unknown. It is hoped that a letter will arrive this week when the exact details can be studied and the next stages in ourtimetable of development worked out.

This is the culmination of a massive amount of effort and hard work by many people and marks the real beginning of a new erafor the College.

Special newsletters will be issued to keep you up-to-date with all further progress. We can now look forward energetically andpositively to this challenging goal.

Stewart R Sutherland

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