Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 21, 2025

Purpose: To agree an asset sale.

Content: The Executive Resolved That  (i)    following a competitive open market disposal process, the site be sold freehold to the recommended bidder; and           (ii)   authority be delegated to the Strategic Director - Corporate Resources, in consultation with the Portfolio Holder, to complete the sale. Reason: To secure the proposed regeneration of The Red House and or to bring the site back into full commercial use and to realise the capital value as part of the current managed site disposal process.