Purpose

The decision to sell the land was approved by Cabinet on 21 January 2026 via report FIN/720 and that these decisions relate to resolutions (b) and (c) of that report. The decisions are to approve the sale and approve and complete of all relevant documentation, including legal paperwork necessary in relation to enable the sale.

Decision

The sale of the land was approved by the Head of Corporate Finance, in consultation with the Leader. The completion of all relevant legal document was taken by the Commercial Asset Manager, in consultation with the Head of Governance, People & Performance via Legal Management Team (Legal Services Manager and Data & Democracy Manager) and the Head of Corporate Finance.

Alternative options considered

Option 1 - The alternative option was to retain the land and not go ahead with the sale – this was rejected because of the opportunity to raise a capital sum for the council. Option 2 – to proceed with the sale.