Issue - meetings

ThamesWey Central Milton Keynes Limited offer to market

Meeting: 21/03/2024 - Executive (Item 9)

9 ThamesWey Central Milton Keynes Limited offer to market EXE23-083 pdf icon PDF 128 KB

Reporting Person – Kevin Foster

Additional documents:


Following the action in the ThamesWey Business Plan 2023 to appraise future options for ThamesWey Central Milton Keynes (TCMK) which included potential market sale, the Executive received a report which provided progress to date, the outcome of an expressions of interest exercise and the next steps towards inviting offers from prospective bidders.  The Executive was advised that, due to the Council’s rationalisation and focus on delivery for local residents, the Council had agreed that TCMK should be sold.  Following advice, the Council would be brought into the confidentiality agreement in order to have more information about the potential sale with a recommendation being brought back to the Shareholder Executive Committee in the new Municipal Year.  It was highlighted that the potential sale of TCMK would remove a large amount of the emissions under the Council’s responsibility, which would contribute towards Net Zero by 2030.


That ThamesWey be authorised to proceed to the next step of inviting offers (Best and Final Offer) from prospective bidders for the acquisition of ThamesWey Central Milton Keynes (TCMK).

Reason:   In pursuance of the Council’s adopted Business Plan for ThamesWey.