Conclusions
CONFIDENTIAL
25.
Our preliminary conclusions are as follows:
(i)
We must develop our plans as soon as possible.
(ii)
The precise nature of our post-1997 requirements
is not easy to determine. Further planning work may refine our present, rather loose, estimates,
but is unlikely to lead us even in the medium term
to precise estimates of the manpower and office
accommodation needed.
(iii)
Our broad options are
(a) to build - but high capital outlay and
relatively small needs raise serious doubts
about financial viability (unless a suitable
co-developer could be found);
(b) to lease or buy in existing or future
speculative, multi-occupation office blocks;
(c) to acquire an existing non-commercial site,
such as the Prince of Wales Building in HMS
TAMAR (or its tower alone);
CONFIDENTIAL