Disposal of Commercial Asset B

July 29, 2026 Corporate Policy and Resources Committee (Committee) Awaiting outcome View on council website
Full council record

Decision

Committee resolved:

  1. Not to Agree in principle the offer and the proposed disposal,
  2. Not to recommend that Council:
  3. 1  approve the proposed disposal on the terms set out in this report,
  4. 2  delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
  5. 3  delegate authority to the Group Head of Corporate Governance to enter into a transfer to complete the disposal and any ancillary legal documentation required in relation to the proposed disposal.

Supporting Documents

Disposal of Commercial Asset B - Part 1 Public Report.pdf

Details

OutcomeFor Determination
Decision date29 Jul 2026
Effective from6 Aug 2026
Subject to call-inYes