Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 12, 2025

Purpose: To agree an asset sale.

Content: The Executive Resolved That  (i)    the retention of the Gateway Site holdings as cleared sites in order to facilitate a scheme of regeneration is no longer in the best interest of the authority and that a revised asset management approach should be considered; and           (ii)   authority be delegated to the Strategic Director - Corporate Resources, in consultation with the Portfolio Holder, to proceed with a revised asset strategy. Reason: To secure the revitalisation of a key town centre site and to seek, where appropriate, new lettings to revive the Gateway Site which has been partly vacant for a number of years and to identify external investment through diversifying ownership.