Decision details

Commercial Property Investment Portfolio

Decision Maker: Executive Committee: Commercial Property

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes


To provide an update to the Executive Committee on properties purchased through

the Council’s commercial property investment strategy [CPIS].


RESOLVED that the Executive Committee notes the information and agrees that no further action is required at this point.

Reasons for the decision:

To enable the Executive Committee to monitor progress against the Council’s agreed

CPIS target, aimed at securing an additional net £3m per year ( as shown in table 1

& 2 below) in revenue income to support front line services.

Alternative options considered:

The option of undertaking further purchases has previously been considered by the

Executive Committee and rejected.

Interests and Nature of Interests Declared:


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


Corporate Management Team and Executive Members

Contact: Stuart McKellar, Executive Director: Resources Email: Tel: 01344 352205.

Report author: Stuart McKellar

Publication date: 27/04/2021

Date of decision: 27/04/2021

Decided at meeting: 27/04/2021 - Executive Committee: Commercial Property

Effective from: 28/04/2021

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