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Brentwood Borough Council

FOI 14973

Commercial Property Investments

Request

I am writing to request the following information under the Freedom of Information Act with regard to commercial property investments made by your organisation. By this I mean property that has been invested in to produce an income and/or capital growth rather than for the delivery of services or housing.
·
Has your organisation invested in commercial property as outlined above since 2010 or has it the intention of doing so in the next 3 years?
·

If yes:
·
can you please send me an electronic copy of the decision(s) taken to approve this policy, or a link to it via a public website?
·
how big in monetary terms is the fund available for this activity and how much has been invested to date?

·
what is the percentage allocation of the investment between market sectors: offices, retail, industrial, hotel & leisure, other?
·
was the investment funded from borrowing or from existing reserves? Please provide the percentage split, where relevant.
·
If you did/will borrow money to invest, where did/will you borrow the money from?
·
what is the percentage split of investments between those inside and those outside of your geographical/administrative area?

Response


·
Has your organisation invested in commercial property as outlined above since 2010 or has it the intention of doing so in the next 3 years? There have been no properties purchased since 2010 specifically to generate an income and we currently have no plans to purchase any properties in the next 3 years to generate income.
·
If yes:
·
can you please send me an electronic copy of the decision(s) taken to approve this policy, or a link to it via a public website? N/A
·
how big in monetary terms is the fund available for this activity and how much has been invested to date? See above answer
·
what is the percentage allocation of the investment between market sectors: offices, retail, industrial, hotel & leisure, other? Please see above answer
·
was the investment funded from borrowing or from existing reserves? Please provide the percentage split, where relevant. Please see above answer
·
If you did/will borrow money to invest, where did/will you borrow the money from? Not currently required – please see answer above.