Decision details

Property Growth Fund Performance & Risk - Q2 2023/24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To inform Members of the performance of the Property Growth Fund as at Q2 2023/24, and update on the associated risks

Decisions:

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

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