Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To inform Members of the performance of the
Property Growth Fund as at Q2 2023/24, and update on the associated
risks
Consideration was given to a report of the Cabinet Member for Regeneration and Housing / Director of Economy that provided an update regarding the performance of the Council’s property investments and highlighted any associated risks.
Resolved - That the report, including the assessment of risk with regard to the property portfolio included at paragraph 10 and Appendix 2 of the report be noted.
Reason for decision
The report was provided for information. Awareness of the financial implications of the Council’s property investments was essential to enable informed decision-making.
Alternatives considered
Not to consider the report – this option was not recommended as the report was provided for information to update on the financial position of the Council’s property investments.
Report author: Michelle Ashworth (for commercial,Economy & Resources)
Publication date: 29/11/2023
Date of decision: 28/11/2023
Decided at meeting: 28/11/2023 - Cabinet
Effective from: 07/12/2023
Accompanying Documents: