Issue details

Commercial Property Investment Strategy Update

 

 

To review progress to date in implementing the Commercial Property Investment Strategy (CPIS) and proposes that additional capital resources of up to £30m are made available for further acquisitions, in order to secure this level of additional income.

Decision type: Key

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 18/10/2017

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Details of individual property purchases are commercially confidential.

Decision due: 21 Nov 2017 by Executive

Lead member: Executive Member for Transformation & Finance

Lead director: Borough Treasurer

Department: Resources

Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.

Consultation process

Presentation to Overview and Scrutiny Commission for consideration on 21 September 2017

Consultees

Councillors and Corporate Management Team

Making Representations: In writing to the Borough Treasurer

Financial Impact: Capital investment of £60m has already been approved. The report will consider this level of expenditure against the additional income aspiration of £3m per annum.

Reason the item will considered in private: Paragraph 3 - Information relating to financial or business matters.

Decisions

Agenda items