I would like to exercise my right under freedom of information laws to find out how much your authority has invested in commercial property in the following years:
2017 to date
If the value of the purchases in any one year amount to more than £10 million could I please be given a brief description of the purchases and their individual value.
Please also include how much has been borrowed from the Public Works Loan Board to help facilitate any purchases in each of these years and the agreed interest rate for repayment and term of loan.
We have not purchased any commercial investment properties during the period mentioned. The only property purchased during the years in question was a strip of land at Merrymeade (that cannot be developed) for the nominal sum of £1 from Essex Council and 1-2 Seven Arches Road which is shortly to be occupied by Brentwood Council for the sum of £705,000 (both purchased in 2016)”.