Issue - meetings

Market Update

Meeting: 04/08/2020 - Financial Sustainability Committee (Item 118)

Market Update

A report will be presented by the Corporate Property Services Manager

Minutes:

The Corporate Property Services Manager provided Members with a presentation on the current market investment opportunities to the Council.  The presentation contained commercially sensitive information on a number of local schemes in terms of yields, asset reviews and development appraisals, multipliers and income which could be generated.  Having debated the projects at length, Members agreed that the two projects debated should be explored as a next step.

 

It was moved by Councillor Ward-Booth and seconded by Councillor Alder that the two properties discussed be explored as a next step.   After being put to the meeting and a vote taken, the motion was declared CARRIED.

 

RESOLVED – that the Corporate Property Services Manager be requested to investigate the investment potential of  the two businesses identified and report back to Members.