Purpose

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

Decision

Cabinet considered a report of the Director of Corporate Services informing Members of the performance of the Council's property investment portfolio and highlighting any associated risks.

The Portfolio Holder for Finance and Growth introduced the report.

The Head of Commercial Finance presented the report and responded to questions and comments from Cabinet Members.

Officers informed Members that, as at Quarter 1 of 2026/27, the overall Property Growth Fund investments made to date were forecast to achieve the net performance targets established for this activity.

It was further reported that the identified risks had been assessed and that financial implications had been provided for in the short term. Work was ongoing to understand the longer-term strategy and implications arising from the risks identified and to ensure that any continuing pressures were effectively managed.

Resolved that the report be noted, including the assessment of risk with regard to the property portfolio included at paragraph 10 and within Appendix 2 to the report.

Reason for decision:

The report was provided for Members’ information. Awareness of the financial implications of the Council’s property investments is essential to enable informed decision-making.

Alternatives considered and rejected:

This report was for information only and there are no alternatives to consider.