Decision details

The purchase of a commercial investment property based on professional advice for the purpose of generating positive income return and capital growth

Decision Maker: Deputy Chief Executive - Graham Ebers

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


Bid up to a max price as explained with intention of securing purchase of the property per seller's particulars:

Waitrose, London Rd, Twyford, Berkshire RG10 9EH

Maximum Price: £15.60m (plus associated costs).

Reasons for the decision:

Delivery of the Council's Property Investment Strategy.

Alternative options considered:

Do not purchase, do not spend money, do not secure financial benefits.

Reduce purchase price/terms and expect seller to offer elsewhere on better terms in competitive marketplace.

Wards Affected: None Specific;

Dispensations: N/A

Other reasons / organisations consulted


Contact: Graham Ebers Email: Tel: 0118 974 6557.

Publication date: 13/08/2019

Date of decision: 04/06/2019