Issue details

To put in place a Commercial Property Investment Acquisition Strategy as a means to optimise returns on Council investments.

As part of the Council’s on-going review of finances and new income generating opportunities, some initial investigatory work has been carried out into the possibility of generating an on-going revenue stream by increasing its investment in commercial property. 

If the Council were to consider using some of its treasury related cash investments into commercial property, it is likely that a greater return could be secured, but there are several factors that would need to be considered in order to choose the most suitable investment. This could be achieved by putting in place a Commercial Property Investment Acquisition Strategy. The strategy will include the criteria that would need to be considered in order to choose the most suitable investment and measures to minimise risk.

Attached as Appendix A to the report is a draft Commercial Property Investment Acquisition Strategy for consideration by the Executive.