Decision Maker: Executive Committee: Commercial Property
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To consider properties (if any) in which the
Council may seek to invest, in accordance with the Commercial
Property Investment Strategy.
That progress to date in pursuing possible investment opportunities discussed at the Executive Committee meeting on 18 July 2017 be noted.
That the investment opportunities identified in the exempt investment tracker attached to the agenda papers as properties 21, 22 and 23 be pursued subject to due diligence being undertaken.
To enable the Executive Committee to monitor progress against the Council’s aim of securing an additional £1m in revenue each year through investing in commercial properties.
None, all actions are necessary to implement the Strategy.
None
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: Additional income
Making Representations: In writing to the Borough Treasurer
Other reasons / organisations consulted
Via draft report
Consultees
Corporate Management Team and Executive
Members
Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Report author: Stuart McKellar
Publication date: 26/09/2017
Date of decision: 26/09/2017
Decided at meeting: 26/09/2017 - Executive Committee: Commercial Property
Accompanying Documents: