Decision details

Selecting Property Funds to Invest In

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

That (A) investment of £10m in each of the two selected property funds now detailed be approved;

 

(B)     before final agreement to invest in actual funds, the Council will ensure that the most up to date legal advice about investment is considered; and

 

(C)    at the time of investment, the Director of Finance and Support Services, in consultation with the Executive Member for Finance, is delegated the powers to sign off the specific terms of the investment as long as these are not significantly different from those terms outlined in this report.

Publication date: 08/10/2014

Date of decision: 07/10/2014

Decided at meeting: 07/10/2014 - Executive

Effective from: 16/10/2014

Accompanying Documents: