Decision details

Corporate Property Investment Opportunity

Decision Maker: Executive Committee: Commercial Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To update the Executive Committee on possible investment opportunities previously

considered and to highlight further opportunities for consideration.

Decision:

That the Executive Committee notes progress to date in pursuing possible investment opportunities and receives an update on newly identified opportunities for consideration and agreed to pursue two of the three properties presented to them.

 

 

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

Declarations: None

Subject to Urgent Proceedings: No

Publication date: 16/10/2018

Date of decision: 16/10/2018

Decided at meeting: 16/10/2018 - Executive Committee: Commercial Property

Effective from: 24/10/2018

Accompanying Documents:

 

Contact Information

Democratic services

Email: committee@bracknell-forest.gov.uk