This report seeks approval by the Cabinet Member for Finance and Resources to commence the procurement process for the provision of a Commercial Property Agent.
The County Council commenced a programme to acquire commercial investments following approval of its Asset Management Policy and Strategy in August 2018. It has since acquired two commercial investment properties for revenue return one in Crawley, in November 2018 and one in Hove, in February 2019.
Procurement of a Commercial Property Agent is now proposed via a mini competition from the Homes England Property Professional Services Framework. The Agent will advise the County Council on the acquisition of additional property for its investment portfolio and manage the portfolio, including provision of advice on performance, lease renewal negotiations and rent review negotiations.
Decision type: Key
Reason Key: Affects more than 1 ward;
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Notice of proposed decision first published: 01/07/2019
Decision due: August 2019 by Cabinet Member for Finance and Resources
Lead member: Councillor Jeremy Hunt firstname.lastname@example.org
Contact: Elaine Sanders, Property Services Manager Email: email@example.com Tel: 033 022 25605.
Representation can be made to the Cabinet Member for Finance and Resource during the 28 day period prior to the date by which the decision can be taken.
County Council Capital and Asset Board
Democratic Services Contact: Suzannah Hill Tel 033 022 22551
Background3: A Council that works for the Community