Running and Review
If the management of acquired or developed assets cannot be managed in-house by existing resources, it will be outsourced to property professionals.
The cost of this management is to be deducted before calculating the net yield.
The Executive will receive regular reporting to confirm portfolio composition and performance. Regular portfolio performance reporting will be presented to Audit Committee as required.
Disposal
Once acquired, decisions relating to the ownership and disposal of any acquired or developed properties will be dealt with in-line with the Council’s constituted scheme of delegation.
Resources
Project resources will be reviewed on a project specific basis, but will be resourced from the Place and Enterprise Directorate, with additional legal support. This will be supplemented by specific consultant advice as required and associated costs built into the business case for each project.