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, received an update on newly identified
opportunities for consideration and agreed to pursue the property presented to them.
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.
None, all actions are necessary to implement the Strategy.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: Additional income
Subject to Urgent Proceedings: No
Making Representations: In writing to the Borough Treasurer
Other reasons / organisations consulted
Via draft report
Corporate Management Team and Executive
Contact: Stuart McKellar, Director: Finance Email: firstname.lastname@example.org 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