Please reply to:

 

 

Contact:

Christeen Abee

 

Service:

Committee Services

 

Direct Line:

01784 446224

 

E-mail:

c.abee@spelthorne.gov.uk

 

Date:

21 March 2025

 

 

Notice of meeting

 

 

Commercial Assets Sub-Committee

 

 

Date:

 

Monday, 31 March 2025

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, D.C. Clarke, M. Gibson 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 - 16

 

To confirm as a correct record the minutes of the meeting held on 24 February 2025.

 

 

</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.  

Presentation/Demonstration on Proposed Computer Package from Argus Investors

 

Verbal Report

 

To receive a presentation/demonstration on a proposed computer package from Argus Investors for cashflows and sinking funds across the Investment Portfolio.

 

 

</AI5>

<AI6>

6.  

Urgent Actions

 

 

 

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

 

 

</AI6>

<AI7>

7.  

Forward Plan

 

17 - 18

 

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

 

 

</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

 

19 - 38

 

To receive an update on the rent collection, voids, and arrears of the Commercial portfolio.

 

 

</AI9>

<AI10>

10.  

Investment Portfolio Risk Register

 

39 - 40

 

To receive an update on the risk register for the Investment Portfolio.

 

 

</AI10>

<AI11>

11.  

Investment & Regeneration Assets Business Plans

 

41 - 54

 

To receive the annual Business Plans for Elmbrook House, the Charter Building, and the Elmsleigh Centre.

 

 

</AI11>

<AI12>

12.  

Commercial Tenants with Special Purpose Vehicles within the Investment Portfolio

 

55 - 56

 

To receive an update on commercial tenants with special purpose vehicles within the Investment Portfolio.

 

 

</AI12>

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