Issue - meetings

To consider the Assets Under Development – Update Report.

The Director – Finance and Corporate Services gave a summary of the report that set out the current position on the four assets under development.

He highlighted the following points: -

• The distribution centre at Gloucester was still on track and should be accepted by Amazon on 1 November 2021.
• Extra funding of £2.5m had been agreed for the Tewkesbury site and was on track for completion by May 2022.
• Stane Retail Park Phase 1 was on track to complete by 20 September 2021 for Aldi and B&Q.
• Building 300 would be completed next month; all the units had been let and the Park overall was 99.9% let.

In response to a question from Councillor Criscione, the Director – Finance and Corporate Services said there would be a final quality check of the works carried out before it was handed over.

Members noted the report.