Decision details

Industrial Portfolio Review

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The portfolio is considered high risk as it is coming to the end of its design/construction life.
The rental values have been maximised given the condition of the portfolio and now is considered the optimum time to sell the portfolio as the rents will start to decrease unless significant investment is made to improve the condition of the assets.

Decision:

RESOLVED:

 

To approve the recommendations as detailed in the not for publication report. 

CONTROLLED 

Report author: Allen Shepherd

Publication date: 14/11/2024

Date of decision: 14/11/2024

Decided at meeting: 14/11/2024 - Cabinet

Effective from: 22/11/2024

Accompanying Documents: