Councillor Brock / Director of Economic Growth and Neighbourhood Services

The Director of Economic Growth and Neighbourhood Services submitted a report seeking approval to adopt a Commercial Investment Strategy as a supplement to the previously approved Treasury Management Strategy.

The report noted that a Property Acquisitions Strategy had previously been agreed by the Committee at its meeting on 5 December 2016 (Minute 57 refers), and set out a summary of the development of and the principle changes in the draft Commercial Investment Strategy. The investment strategy formed part of the overall Treasury Strategy and was attached to the report at Appendix 1.

It was reported at the meeting that the net annual income shown for Four 10 TVP was a projected figure and that a higher return could reasonably be expected.

Resolved –

          That the adoption of the Commercial Investment Strategy, as attached to the report at Appendix 1, be approved.