Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: August 21, 2025

Purpose:

Content: The Cabinet considered a report of the Director of Economy and Place, which sought to inform of the performance of the Council’s property investments, and to highlight any associated risks.   The Cabinet Member for Finance and Growth delivered a brief summary of the report’s key points.   The Head of Commercial Finance was in attendance to present the information and to address the questions and the comments of the Cabinet Members.   The Officer informed that, commencing from the next quarter, the report would be authored by the Director of Corporate Services. Responsibility for the report would fall under the delegations of the Cabinet Member for Finance and Growth, given that its content primarily pertained to matters within their portfolio.   Resolved that the report, including the assessment of risk with regard to the property portfolio included at paragraph 10, Appendix two be noted.   Reason for decision: The report was provided for Members’ information. Awareness of the financial implications of the Council’s property investments was essential to enable informed decision-making.   Alternatives considered and rejected: This report was for information only and there were no alternatives to consider.