Decision details
Sale of Land at Winkfield Manor
PDF 111 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The proposed sale of land at Winkfield Manor.
Decisions:
RESOLVED that
i. authority be given to the Assistant Director: Property to arrange the joint marketing of Winkfield Manor, with Silva Homes.
ii. authority be given to the Assistant Director: Property to sell land owned at Winkfield Manor to the highest bidder.
Reasons for the decision:
i. To dispose of land in order to obtain a capital receipt for the Council.
ii. To support the Council’s objective for the delivery of new homes.
Alternative options considered:
i. Provision of accommodation for people with special needs. Although the site is in a reasonable location for the client group the overall site is too large for the number of units required.
ii. Development of the site under a Joint Venture. Due to the joint ownership of the site with Silva Homes and the advice from Savills that high value executive housing will maximise the receipt for the site, joint venture is not considered appropriate for the development.
Interests and Nature of Interests Declared:
None
Reason Key: Expenditure > £400,000;
Wards Affected: Winkfield & Cranbourne;
Financial Impact: Capital receipt
Declarations: None
Subject to Urgent Proceedings: No
Making Representations: In writing to the Executive Director: Delivery
Other reasons / organisations consulted
By meetings
Consultees
Borough Solicitor
Director: Finance
Director: Place, Planning & Regeneration
Contact: Steve Booth, Head of Strategic Property Email: steve.booth@bracknell-forest.gov.uk Tel: 01344 352479.
Report author: Steve Booth
Publication date: 18/06/2019
Date of decision: 18/06/2019
Decided at meeting: 18/06/2019 - Executive
Effective from: 26/06/2019