Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 18, 2025

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.