Decision - Capital Asset Strategy

Brighton and Hove Cabinet Decided 24 Apr 2025 · effective 3 May 2025 approved Key decision GET /api/coverage

Decision maker

Cabinet

Report author

Jessica Hamilton

Published

25 Apr 2025

Reference

7437

As published

the council's own words, unedited

This report seeks agreement of the strategy and approach for the disposal of capital assets to support the council's priorities and funding objectives

1) Cabinet approves the Capital Asset Strategy which comprises the 5 principles set out in paragraph 3.6. 2) Cabinet agrees to the appropriation for housing purposes or disposal of the assets identified at paragraph 3.8 and in Part 2 of this report in the manner set out in this report. 3) Cabinet delegates authority to the Director Property & Finance in consultation with the Director Governance & Law and the Cabinet Member for Finance and City Regeneration to approve terms and take any necessary steps to facilitate and complete the appropriation for housing purposes or disposals of the properties identified in the Part 2 report and achieve best consideration.

Parsed from the document

gpt-5.6-luna-2026-07-09 · 4460/1047 tokens · 8369ms · parsed 9 Sep 2026 15:34

Everything below was read out of a PDF by a model It is useful and it is not authoritative. The document it came from is linked in the rail, and where the two disagree the document is right.

The report proposes a Capital Asset Strategy for managing Brighton & Hove City Council’s property portfolio, excluding the Seafront Portfolio, to identify rationalisation, development and disposal opportunities. It aims to generate capital receipts for the Innovation Fund and Capital Investment Programme, support housing and regeneration, and reduce the costs of retaining surplus or underperforming assets.

Recommendation

Approve the Capital Asset Strategy and its five principles; agree the appropriation for housing purposes or disposal of the identified properties; and delegate authority to the Director Property & Finance, in consultation with the Director Governance & Law and the Cabinet Member for Finance and City Regeneration, to approve terms and complete the transactions.

Financial impact

The council’s Capital Strategy identified the need for £20 million net capital receipts, in addition to the Strategic, Asset Management and ICT investment funds. The proposed disposals are intended to contribute towards this requirement, although any loss of rent may reduce the net capital receipt available.

Ward affected

city-wide

Decision maker

Cabinet

Date in document

24 Apr 2025

Stakeholders named

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Brighton & Hove City CouncilHousing Revenue AccountHousing officersEstates Regeneration TeamDownland Advisory PanelCommercial tenants and long lesseesResidents and prospective housing occupants

Next steps

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Apply the Capital Asset Strategy principles to the identified properties.
Progress appropriation to the Housing Revenue Account or disposal of 10 Stanmer Village, 10 Hangleton Way, 8 Shenfield Way and Homewood School as set out in the report and Part 2 report.
The Director Property & Finance will approve terms and take necessary steps in consultation with the Director Governance & Law and the Cabinet Member for Finance and City Regeneration.
Legal Services will review property titles, interests, restrictions and covenants before any sale or appropriation.
Advertise proposed disposals or appropriations in a local newspaper for two consecutive weeks where required for open-space land.
Complete a more detailed review of Heritage Assets and develop a recommended strategy for their retention or transfer.

Precedents

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