Decision details

The purchase via Public Works Loan Board (PWLB) debt funding of a commercial investment property based on independent professional advice for the purpose of generating positive income return and capital growth

Decision Maker: Director of Corporate Services - Graham Ebers

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

Purchase the property in accordance with the Purchase Proposal report:

Barclays Bank, 31 Market Place, Wokingham RG40 1AR

Reasons for the decision:

Delivery of the Council's Property Investment Strategy

Alternative options considered:

Do not purchase, do not borrow, do not secure financial benefits.

Adjust purchase price/terms and risk seller withdrawing from sale.

Wards Affected: (All Wards);

Dispensations: N/A

Other reasons / organisations consulted

N/A

Contact: Graham Ebers Email: graham.ebers@wokingham.gov.uk Email: graham.ebers@wokingham.gov.uk Tel: 0118 974 6557.

Publication date: 27/11/2018

Date of decision: 23/01/2018