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 (but not guaranteeing) purchase of the
14-28 Denmark Street and Car Park, Wokingham RG40 2BQ
Maximum Price: £8.00m (plus associated transaction costs and post purchase cap-ex).
Delivery of the Council's Property Investment
Strategy and to take control of the Denmark Street car park which
has been closed for 3 months by the current owner pending
determination of a planning application for residential development
of the car park.
Do not purchase, do not spend money, do not
secure financial and community benefits, do not take control of car
park, do not re-open car park.
Reduce purchase price/terms and expect seller to offer elsewhere on better terms in competitive marketplace.
Wards Affected: Wescott;
Other reasons / organisations consulted
Contact: Graham Ebers Email: firstname.lastname@example.org Tel: 0118 974 6557.
Publication date: 13/02/2020
Date of decision: 25/11/2019