Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 6, 2025

Purpose: To review and determine the proposed arrangements for the acquisition.

Content: Decision: Delegate Authority to the Joint Assistant Director for Assets and Property in consultation with the Portfolio Holder for Finance and Joint Strategic Director for Finance and Resources to negotiate final terms and purchase the long leasehold interest in respect of 35 Moorfield Road, Slyfield Industrial Estate, Guildford, GU1 1RU   Reason(s): In accordance with the current Acquisition strategy to invest into the Council’s existing assets with the aim of regeneration and to enhance the capital value, alongside the rental income.   Other options considered and rejected by the Executive: To withdraw from the proposed transaction. The Council would fail to benefit from a significantly enhanced rental income. At the same time the Council’s unique opportunity to generate additional synergistic capital value (the difference between the existing freehold value added to the price paid for the long lease, deducted from the merged freehold interest) will be lost.   Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.