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: Chief Executive - Interim Heather Thwaites

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Purchase the property in accordance with the Purchase Proposal report:

Cox Plastics Ltd, Fishponds Road, Wokingham, RG41 2QH

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 to withdrawing from sale.

Wards Affected: (All Wards);

Dispensations: N/A

Other reasons / organisations consulted


Contact: Bernie Pich Email: Email: Tel: 0118 974 6700.

Publication date: 27/11/2018

Date of decision: 29/08/2018