Decision details
Commercial Property Investment Opportunity
PDF 107 KBDecision 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 the Executive Committee notes progress to date in pursuing possible investment opportunities and receives an update on newly identified opportunities for consideration.
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
Not applicable.
Consultees
None.
Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Publication date: 08/05/2018
Date of decision: 08/05/2018
Effective from: 16/05/2018