Purpose

The report sets out the principles for the development of the full Property Asset Strategy. This will include a recommendation to move to a corporate landlord model as well as undertake a strategic asset review of all assets.

Decision

RESOLVED:

Cabinet is asked to:

A. Approve the Property Asset Strategy principles as set out in this report.

B. Agree the implementation of the Corporate Landlord Model which will ensure the property portfolio is safe, fit for purpose and ensure the portfolio is effectively planned taking account of future organisational changes

C Agree to formally commence a strategic asset review

D Note the asset review will be ongoing, and further reports will be prepared for Member consideration in line with the Council’s constitution

E Delegate authority to the Executive Director of Housing & Sustainable Development to make the appointments needed within available budget to develop and implement the strategy and actions including ensuring assets to be disposed of are effectively, efficiently and at the best price reasonably obtainable.

F Note the full Property Asset Strategy will be presented to Cabinet in Winter 2026.

G Agree that disposals with an anticipated value of £3m or more will be presented to Cabinet for decision unless in the reasonable view of the Executive Director of Housing and Sustainable Development, in consultation with the Monitoring Officer, delaying the sale to allow the Cabinet to take the decision would prejudice the commercial interests of the Council .In such cases, the decision to dispose may be taken by the Executive Director in consultation with the Leader and Cabinet Member for New Homes and Regeneration

H Delegate authority to agree disposals valued below £3m to the Executive Director of Housing & Sustainable Development in consultation with the Cabinet Member for New Homes and Regeneration.