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.