To consider the report of the Cabinet Member for Economic Development seeking approval for - the sale of One Guildhall Square.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: For Determination
Wards affected: (All Wards);
This decision will be taken under urgency procedures.
Reason for urgency:
The recent drop in SCC occupancy of the property resulting in vacant space, would mean SCC incurring costs relating to the property. As a result the decision to explore the sale of the site to minimise SCCs cost exposure has resulted in a review of the sale of the property - aligned with SCCs recent disposal strategy.
Anticipated restriction: Fully exempt - View reasons
Decision due: 15 Nov 2023 by Council
Lead member: Cabinet Member for Economic Development
Lead director: Executive Director of Place
Department: Economic Development
Contact: Amal Uddin Email: amal.uddin@southampton.gov.uk Email: amal.uddin@southampton.gov.uk.
Consultation process
The consultation process with the Portfolio
Holder will take place after initial meeting with interested
parties.
Consultees
Cabinet Member for Economic Development, S151
Officer and Head of Legal Services with Head of Executive Director
of Place.
Public Comments may be sent to: commercialproperty@southampton.gov.uk