Issue - meetings
Property and Investment Strategy
Meeting: 01/02/2021 - Executive (Item 95)
95 CDC Property Investment Strategy PDF 472 KB
Report of Assistant Director Property Investment and Contract Management
Purpose of report
To establish a new Property Investment Strategy for the Council in line with the current economic climate and seek Members’ approval on the proposed strategy before adoption. The Property Investment Strategy forms part of the Council’s overarching Capital and Investment Strategy and therefore this document is intended to supplement that ‘master document’.
1.0 Recommendations
The Executive are asked:
Additional documents:
- CDC Property Investment Strategy - Appendix 1, item 95 PDF 221 KB
- CDC Property Investment Strategy - Appendix 2, item 95 PDF 208 KB
- Webcast for CDC Property Investment Strategy
Decision:
(1) That the high-level strategic approach which sets out a framework and the criteria against which any expansion or substantial capital investment in CDC’s property portfolio will be assessed be approved.
Minutes:
Resolved
(1) That the high-level strategic approach which sets out a framework and the criteria against which any expansion or substantial capital investment in CDC’s property portfolio will be assessed be approved.
Reasons
This report sets out Cherwell District Council (CDC) property acquisition investment objectives for the year 2021/22 and the criteria that will be applied prior to either recommending an investment purchase or recommending substantial investment in an existing asset to the Investment Committee.
Alternative options
The sale of the investment portfolio as a whole has been considered but rejected because the portfolio currently produces income which supports the provision of statutory council services and any money raised through a programme of disposals could not be reinvested to generate a higher return.