Decision details

Commercial Property Investment Opportunity

Decision Maker: Executive Committee: Commercial Property

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To consider properties (if any) in which the Council may seek to invest, in accordance with the Commercial Property Investment Strategy.


RESOLVED that progress to date in pursuing possible investment opportunities and an update on newly identified opportunities for consideration is noted.

Reasons for the decision:

To enable the Executive Committee to monitor progress against the Council’s aim of securing an additional £1m in revenue each year from 2017/18 to 2019/20 through investing in commercial properties.

Alternative options considered:

None, all actions are necessary to implement the Strategy.

Interests and Nature of Interests Declared:


Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Wards Affected: (All Wards);

Financial Impact: Additional income

Declarations: None

Subject to Urgent Proceedings: No

Making Representations: In writing to the Borough Treasurer

Other reasons / organisations consulted

Via draft report


Corporate Management Team and Executive Members

Contact: Stuart McKellar, Director: Finance Email: Tel: 01344 352205.

Report author: Stuart McKellar

Publication date: 13/03/2018

Date of decision: 13/03/2018

Decided at meeting: 13/03/2018 - Executive Committee: Commercial Property

Effective from: 21/03/2018

Accompanying Documents: