Decision

The Committee resolved to:

1. Select Bidder A as the preferred bidder.

The Committee resolved to recommend to Council to:

1. Approve the disposal of Ashford Victory Place to Bidder A.
2. Delegate authority to the Group Head of Assets in consultation with the Chair and Vice-Chair of the Business, Infrastructure and Growth Committee to agree detailed Heads of Terms in respect of the disposal of Ashford Victory Place with Bidder A.
3. Delegate authority to the Group Head Corporate Governance to enter into any necessary legal documentation to complete the disposal of Ashford Victory Place to Bidder A.