Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 13, 2025

Purpose: To agree an Asset Disposal Strategy.

Content: The Executive RESOLVED That  (i)    the Asset Disposal Timeline strategy for the period 2024/2027 be endorsed;           (ii)   it be noted that the timeline will be subject to continuous and ongoing review during its lifetime as market conditions/ circumstances/ imperatives change;           (iii)  it be noted that the Timeline will be utilised as the guide programme to continue with the disposal of appropriate assets subject to (iv) below; and           (iv)  it be noted that each appropriate disposal going forward will be subject to individual Executive approval reports. Reason:   To continue with the current managed disposal strategy as identified within the Improvement and Recovery Programme published in August 2023 to rationalise the property assets to reduce the current borrowing debt.