Decision details

Corporate Property Investment Opportunity

Decision Maker: Executive Committee: Commercial Property

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To update the Executive Committee on possible investment opportunities previously considered and to highlight further opportunities for consideration.

Decision:

RESOLVED that

 

The Executive Committee noted progress to date in pursuing possible investment opportunities discussed at its meeting on 14 March and received an update on newly identified opportunities for consideration.

 

The Committee agreed that the investment opportunities identified as properties 12 and 14 be pursued, and that properties 15 and 16 not pursued.

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 through investing in commercial properties.

Alternative options considered:

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.

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: 12/04/2017

Date of decision: 11/04/2017

Decided at meeting: 11/04/2017 - Executive Committee: Commercial Property

Effective from: 22/04/2017

Accompanying Documents: