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
Purpose:
To consider properties (if any) in which the
Council may seek to invest, in accordance with the Commercial
Property Investment Strategy.
Decision:
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:
None
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
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: 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:
- CPIS Update for Executive Committee 13-3-18 PDF 276 KB
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