Content

The Sub-Committee resolved to

1)   
Approve the direct award of a property management contract for the
investment portfolio to Cushman and Wakefield for the period 1
April 2025 to 30 September 2025 in accordance with the terms set
out in the report.

2)   
Authorise the Group Head of Corporate Governance to enter into the
short-term property management contract with Cushman and Wakefield
for the period 1 April 2025 to 30 September 2025.

3)   
Approve the procurement of a new property management contract for
the investment portfolio for a period of 3 years from 1 October
2025, subject to a further report being taken to Corporate Policy
and Resources Committee and then Council seeking approval to enter
into a contract with the preferred bidder.