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Decision details

Acquisition of Commercial Property in Fareham

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To obtain the view of the Executive on whether the Council should proceed to purchase the investment opportunity at Broadcut Retail Park, Broadcut, Fareham PO16 8SU, on the terms set out in the confidential Appendix A.  

 

This report advises that a commercial investment opportunity has become available at Broadcut Retail Park, Broadcut, Fareham.

 

The confidential Appendix A sets out an analysis of the investment, financial information, and lease details to enable the Executive to decide if the investment should be purchased.

Decision:

RESOLVED that, having considered the purchase of Broadcut Retail Park, Broadcut, Fareham as a commercial investment on the basis of the information set out in the confidential Appendix to the report, the Executive agreed to proceed with the purchase.

Report author: Grant Hobday

Publication date: 07/11/2018

Date of decision: 05/11/2018

Decided at meeting: 05/11/2018 - Executive

Effective from: 17/11/2018

Accompanying Documents:

 

 




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Fareham Borough Council, Civic Offices, Civic Way, Hampshire, PO16 7AZ
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