Potential property acquisition decision
Cabinet approved:
(a) The investment outlined in the report from the Interim Director of Finance as a multi-let office investment in accordance with the approved Investment Strategy; and
(b) The delegation of the final terms of the acquisition of the property to the Lead Member for Finance and Interim Director of Finance.
This decision was first published on Friday 6 December and so the deadline for call-in is 5pm on Friday 13 December.
Potential property acquisition decision
Additional documents:
Decision:
Cabinet approved:
(a) The investment outlined in the report from the Interim Director of Finance as a multi-let office investment in accordance with the approved Investment Strategy; and
(b) The delegation of the final terms of the acquisition of the property to the Lead Member for Finance and Interim Director of Finance.
Minutes:
Cabinet considered a confidential report seeking its approval for a commercial property investment that would enable the Council to pursue its Business Plan objective of supporting businesses, and deliver positive financial returns.
Cabinet approved:
(a) The investment outlined in the report from the Interim Director of Finance as a multi-let office investment in accordance with the approved Investment Strategy; and
(b) The delegation of the final terms of the acquisition of the property to the Lead Member for Finance and Interim Director of Finance.