Decision details

To receive a biannual update of the performance of the Council’s property acquisitions.

The Executive received a report detailing the performance of the Council’s major property acquisitions in the previous 6 months. Members were advised of the rental income against budget for Camberley Town Centre properties and noted the current position with House of Fraser. The success of the programme of events scheduled for the run up to Christmas to date was also noted.

The Executive was updated on the procurement process for the London Road Block development and the works underway at Ashwood House, both of which were on track.

It was noted that the 3 industrial estates, which had been purchased in order to safeguard local employment and support the delivery of Council services, were performing above budget. It was also reported that the acquisition of Vulcan Way, Sandhurst had recently been completed and that the performance of this acquisition would be included in future reports.

RESOLVED to note the contents of the report.