Purpose

This report is to inform Members of the
performance of the Council’s property investments, and to
highlight any associated risks.

Content

The Cabinet considered
a report of the Director of Economy and Place which sought to
inform of the performance of the Council’s property
investments, and to highlight any associated risks.
 
The Head of Commercial
Finance was in attendance to present the
information ad to address the questions and the comments of the
Cabinet Members.
 
Resolved that the
report, including the assessment of risk with regard to the
property portfolio included at paragraph 10 and Appendix 2
be noted.
 
Reason for
decision:
The report
was provided for Members’
information. Awareness of the financial implications of the
Council’s property investments was essential to enable
informed decision-making.
 
Alternatives
considered and rejected:
This report is for
information only and there are no alternatives to consider.