Issue - meetings
Disposal of Commercial Asset B
Meeting: 29/07/2026 - Corporate Policy and Resources Committee (Item 4.)
4. Disposal of Commercial Asset B 
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Committee is asked to:
1. Consider and agree in principle the offer and the proposed disposal and
2. Recommend that the Council:
2.1 approve the proposed disposal on the terms set out in this report,
2.2 delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
2.3 delegate authority to the Group Head of Corporate Governance to enter into a transfer to complete the disposal and any ancillary legal documentation required in relation to the proposed disposal.
Additional documents:
- Disposal of Commercial Asset B - Part 2 Exempt , View reasons restricted (4./2)
- Addendum to Part 2 Report - Sales Report , View reasons restricted (4./3)
- Text to accompany Addendum to Sales Report , View reasons restricted (4./4)
- Appendix 1 - Commercial Asset B - Agreed HOTs , View reasons restricted (4./5)
- Appendix 2 - Commercial Asset B - Sales Process , View reasons restricted (4./6)
- Appendix 3 - Commercial Asset B , View reasons restricted (4./7)
Decision:
Committee resolved:
1. Not to Agree in principle the offer and the proposed disposal,
2. Not to recommend that Council:
2.1 approve the proposed disposal on the terms set out in this report,
2.2 delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
2.3 delegate authority to the Group Head of Corporate Governance to enter into a transfer to complete the disposal and any ancillary legal documentation required in relation to the proposed disposal.