Please reply to:
Contact:	Matthew Williams
Service:	Committee Services
Direct Line:	01784 446224
E-mail:	m.williams@spelthorne.gov.uk
Date:	01 November 2024

Notice of meeting

Commercial Assets Sub-Committee

Date:	Monday, 11 November 2024
Time:	1.30 pm
Place:	Council Chamber, Council Offices, Knowle Green, Staines-upon-Thames TW18 1XB

To the members of the Commercial Assets Sub-Committee

Councillors:

L. E. Nichols (Chair) S.N. Beatty (Vice-Chair)

R. Chandler A. Gale

D. Saliagopoulos H.R.D. Williams

Substitute Members: Councillors

M. Beecher, T. Burrell, M. Gibson, K. Howkins and K.E. Rutherford

Councillors are reminded that the Gifts and Hospitality Declaration book will be available outside the meeting room for you to record any gifts or hospitality offered to you since the last Committee meeting.

Agenda

                                                                                                                                                   Page nos.

<AI1>

1.	Apologies for absence & substitutions
	To receive any apologies for non-attendance and details of Member substitutions.

</AI1>

<AI2>

2.	Minutes	5 - 12
	To confirm as a correct record the minutes of the meeting held on 07 October 2024.

</AI2>

<AI3>

3.	Disclosure of Interest
	To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.

</AI3>

<AI4>

4.	Questions from members of the Public
	The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40. At the time of publication of this agenda no questions were received.

</AI4>

<AI5>

5.	Urgent Actions
	To consider any urgent action that have arisen since last meeting.

</AI5>

<AI6>

6.	Forward Plan	13 - 16
	To note the Forward Plan for future Commercial Assets Sub-Committee business.

</AI6>

<AI7>

7.	Half Year Portfolio Review	17 - 42
	To note the Half Year Commercial Property Portfolio Review.

</AI7>

<AI8>

8.	Exclusion of Public and Press (Exempt Business)
	To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.

</AI8>

<AI9>

9.	Commercial Portfolio Update	43 - 64
	To receive an update on the rent collection, voids and arrears of the Commercial Portfolio.

</AI9>

<AI10>

10.	Lease Variation, pt 10th Floor, Thames Tower, Reading	65 - 70
	To consider a report on the proposed lease variation for the part 10^th Floor of Thames Tower, Reading.

</AI10>

<AI11>

11.	Settlement of Dilapidations and appointment of a contractor - ground floor suite, Charter Building, Uxbridge	To Follow
	To consider a report on the proposed settlement of Dilapidations and the appointment of a contractor for the ground floor suite, Charter Building.

</AI11>

<AI12>

12.	Proposed letting terms for suite 2, second floor, The Charter Building, Uxbridge	To Follow
	To consider a report on the proposed letting terms for suite 2, second floor, Charter Building.

</AI12>

<AI13>

13.	Asset Portfolio Exit Strategies	71 - 98
	To consider a report on the draft exit strategy for each investment asset. Please note: Appendix 2 is to follow.

</AI13>

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