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:
- CPIS Update for Executive Committee 16-10-18 PDF 274 KB
- Restricted enclosure View reasons restricted