MSDC Officer Decision - Negotiate and Complete Sale of Needham Market HQ

February 24, 2026 Director - Property, Development & Regeneration (Other) Key decision Awaiting outcome View on council website
Full council record
Content

To negotiate and complete on legals with the
preferred bidder following best and final bids.

To further advance the recommendations approved in the July cabinet
report. Specifically, 3.4 to delegate the negotiation and
completion of the sale of the land to the Director for Property,
Development and Regeneration in consultation with the Portfolio
Holder for Property and Housing. This negotiation has taken place
in consultation with the portfolio holder and a preferred purchaser
for the site has been selected. Therefore, mitigating the
development risk, to receive a development return, and generate a
capital receipt to that could be used to invest in capital projects
within the Council

Details

Decision date24 Feb 2026
Subject to call-inYes