Decision details
Corporate 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 provide an update to the Executive Committee on properties purchased through
the Council’s commercial property investment strategy [CPIS].
Decision:
That the Executive Committee noted progress to date in pursuing
possible investment opportunities, received an update on newly identified
opportunities for consideration and agreed to pursue the property 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
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.
Publication date: 13/11/2018
Date of decision: 13/11/2018
Decided at meeting: 13/11/2018 - Executive Committee: Commercial Property
Effective from: 21/11/2018
Accompanying Documents:
- CPIS Update for Executive Committee 13-11-18 PDF 274 KB
- Restricted enclosure View reasons restricted