Issue details

ACQUISITION OF DERRIFORD BUSINESS PARK DATE FIRST INCLUDED ON THE FP: 12 MAY 2011

Authorisation to proceed with the acquisition of the freehold interest from SWRDA of Derriford Business Park, a commercial investment comprising seven office buildings totalling c. 4,000 sq m (43,000 sq ft) available to be leased to third parties, with car parking and landscaping.

Decision type: Key

Decision status: Recommendations Approved

Open/Exempt: Open;

Decision due: 7 June 2011 by Cabinet (on the recommendation of Councillor Fry)

Department: Place

Contact: Email: david.james2@plymouth.gov.uk david.james2@plymouth.gov.uk Tel: 01752 304571.

Consultation process

Discussions have been held with relevant officers

Consultees

• legal officers

• finance officers

• planning officers

Making Representations: In writing by 26 May 2011 to - Assistant Director for Economic Development Councillor Fry (Cabinet Member)

Information to be considered by the decision makers: 1. Summary of the acquisition cost 2. property lettings and estate liabilities 3. the capital value of the property 4. possible future development potential 5. the method of financing its acquisition

Documents

Legal, finance and valuation advice