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
Decision:
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
N/A
Contact: Graham Ebers Email: graham.ebers@wokingham.gov.uk Tel: 0118 974 6557.
Publication date: 13/08/2019
Date of decision: 04/06/2019