Issue details

19/00059 - Strategic Acquisition, Tonbridge & Malling

Investment - The decision will result in expenditure which is significant having regard to the budget for the service or function (currently defined by the Council as in excess of £1,000,000) as set out in the accompanying exempt report.




Decision type: Key

Reason Key: Expenditure or savings of more than £1m;

Decision status: Recommendations Approved

Division affected: Malling Rural East;

Notice of proposed decision first published: 03/09/2019

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
The purchase consideration and other financial information of a commercially sensitive nature will be contained in a separate report, exempt from publication under paragraph 3 of Schedule 12a of the Local Government Act 1972

Decision due: Not before 2nd Oct 2019 by Deputy Leader and Cabinet Member for Finance, Corporate and Traded Services
Reason: In order that the proposed decision can be published for a minimum of 28 days in accordance with statutory requirements

Lead member: Peter Oakford

Lead director: Rebecca Spore

Department: Strategic & Corporate Services

Contact: Tom Porter-Williams, Head of Disposal and Investment Strategy 07703 469 032 Email:


The proposed decision was considered and endorsed by the Property Sub-Committee on 17 December 2019.  The minute of the discussion is included on the signed record of decision.  

Financial implications: There is a financial allocation in the Medium Term Financial Plan for a Property Investment Fund (PIF), which would be utilised to support the acquisition strategy.

Legal implications: None

Equalities implications: N/A although will be taken fully into account in the planning phase


Agenda items