Decision details

To inform the Executive that a commercial investment opportunity has become available on the terms set out in the confidential Appendix A.

The confidential Appendix A sets out an analysis of the investment, financial information and lease details to enable the Executive to decide if the property should be purchased as part of the Council’s Commercial investment  Acquisition Strategy.

RESOLVED that the Executive approves:

(a)  the purchase of the property, as detailed in confidential Appendix A, as a commercial investment; and

(b)  that subject to the approval of (a), to delegate authority to the Director of Planning and Regeneration to carry out all ancillary matters to give effect to the resolution.