Decision details

To advise of the revenue performance of the Council’s corporate property portfolio during the last financial period and to advise of proposals to increase profitability in the coming financial period.

The Portfolio Holder introduced the report which advised of the income generated by the Council’s Corporate Property Portfolio for the financial year ending March 2019. This revenue, shown at Appendix 1 to the report, significantly contributed to the Council’s income. It also advised that the Council was constantly exploring both ways to make the existing portfolio more profitable, and additional investment opportunities and included an update on work done in this regard.

Resolved:

That   (i)         the revenue performance of the Council’s Corporate Property Portfolio during the previous 12 months, as provided for in the Corporate Property Income Schedule at Appendix 1 to the report, be noted.

            (ii)        the work undertaken to increase profitability and investment activity during the previous twelve months and going forward, be noted.