Decision details

Annual Report Investment Property Portfolio

Decision Maker: Strategy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Annual Report on the Investment Property Portfolio (IPP) which includes a revised strategy for IPP that takes into consideration the new statutory guidance published by the government on investments.

Decisions:

Assistant Director, Asset Planning, Management and Capital Delivery introduced the report. Members discussed delivery of the Grove, Officers advised that a report would be brought back to the committee in February next year to discuss options in relation to the Grove.  In addition members questioned any potential impact of Oxfam moving their headquarter offices, on rental income.

 

Resolved

 

1.    That the good progress that has been made in implementing the corporate asset management strategy 2015 - 2019 be noted.

 

2.    That the strong performance of the Investment Property Portfolio be noted.

 

3.    That the strategic aims and priorities of the Investment Property Portfolio are amended as set out in paragraph 4.60 of this report be agreed.

 

4.    That the revised Policy for Governance and Portfolio Management (October 2018) as attached at Appendix D be agreed.

Report author: Ade Adebayo

Publication date: 08/11/2018

Date of decision: 29/10/2018

Decided at meeting: 29/10/2018 - Strategy and Resources Committee

Accompanying Documents: