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.
That the Executive Committee noted progress to date in pursuing possible investment opportunities discussed at its meeting on 14 February and received an update on newly identified opportunities for consideration.
The Committee agreed that the three investment opportunities identified as properties 12, 13 and 14 in the exempt investment tracker be pursued.
To enable the Executive Committee to monitor progress against the Council’s aim of securing an additional £1m in revenue each year through investing in commercial properties.
None, all actions are necessary to implement the Strategy.
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: 14/03/2017
Date of decision: 14/03/2017
Effective from: 22/03/2017