Decision details

To update on the land assembly at Slough Basin and the option to Slough Urban Renewal (SUR) plus approval to a demolition budget for the existing building at Stoke Wharf (which will be recoverable from the minimum land value).

(a)  That it be noted that the Council completed on the conditional acquisition of Stoke Wharf builder merchants from Travis Perkins Plc, for the existing industrial use value, in June 2017 and now owned the freehold title.

(b)  That it be noted that the option agreement to SUR exchanged in August 2017 with completion anticipated next year; and

(c)  That delegated authority be given to the Assistant Director, Finance & Audit to agree the expenditure of up to £500,000 of reasonable development costs at Slough Basin, including the demolition of existing buildings at Stoke Wharf, the cost of which would be recoverable from the regeneration project though the minimum land value payable by Slough Urban Renewal.