Decision details

Purchase of Commercial Property in accordance with the Commercial Property Investment Strategy (CPIS 03)

Reference: D919

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To enable purchase of commercial property in accordance with the Commercial Property Investment Strategy.

Decision:

To purchase commercial property in accordance with the Commercial Property Investment Strategy. This decision was made in compliance with the urgency provisions under Regulation 11 of the Local Authorities (Executive Arrangements) (Access to Information) (England) Regulations 2012.

Reasons for the decision:

To enable GBC to purchase commercial property in accordance with the Commercial Property Investment Strategy so that it can meet its income generation target.

Alternative options considered:

An alternative would be not to agree to purchase commercial property in accordance with the Commercial Property Investment Strategy. However, this would mean that the opportunity to meet GBC’s planned income generation, in this instance, would be lost.

Publication date: 12/11/2019

Date of decision: 08/11/2019

Accompanying Documents: