Decision details

Asset Management Strategy - Property Acquisition Strategy

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

1)    That Cabinet recommend to Council approval and endorsement of an option to call on supplementary capital of up to £30 million for the purpose of general investment opportunities meeting the criteria outlined in the Asset Management Strategy (as approved by Cabinet in June 2019).

 

2)    The Cabinet agreed to grant delegated authority in deciding to make acquisitions of suitable investment properties, to the Portfolio holder for Commercial and Regulatory Services and Portfolio Holder for Business Support in consultation with Leader of the Council.

 

Report author: Karim Pabani

Publication date: 09/09/2019

Date of decision: 05/09/2019

Decided at meeting: 05/09/2019 - Cabinet

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