Decision details

The Cabinet Member for Property and Business Services commended this award of contract to Cabinet stating that it was self financing and fees were proportionate.  Members were pleased that quality had been considered above cost during the process.

RESOLVED:

That the information within the Part 2 report be noted, in conjunction with the recommendations made in the Part 1 report (item 13).

Reasons for Decision:

Building on the existing property investment strategy approved in July 2013, in March 2017 Cabinet approved growth of the Investment portfolio and procurement of a property investment advisor to provide the necessary skills and level of support required to expand the portfolio.