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Issue details

Property Investment

 

 

To consider purchasing the leasehold interest in Phoenix Park, Units 1 – 11, on the Park Wood Industrial Estate, and to use the 11 commercial business units to provide an investment return for the Council.

 

Decision type: Key

Reason Key: Expenditure > £250,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 11/12/2014

This decision will be taken under urgency procedures.

Reason for urgency:
The stage at which negotiations have reached require urgent approval of the purchase price, financing options and authority to complete negotiations.

Anticipated restriction: Fully exempt  - View reasons

Explanation of anticipated restriction:
The Report discloses information regarding negotiations that have taken place and are continuing with the property owner including the value of the property.

Decision due: 16 Dec 2014 by Property Investment Cabinet Committee

Department: Property and Procurement

Contact: Email: davidtibbit@maidstone.gov.uk Email: davidtibbit@maidstone.gov.uk.

Public Or Private and Reason if Private: Private - it discloses information regarding negotiations that have taken place and are continuing with the property owner including the value of the property.

Agenda items

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