FOI request (FOI219319)
LGC research into property portfolios
Requested Mon 11 September 2017
Responded Mon 11 September 2017
LGC is conducting some research into the growing trend for local authorities to invest in property on a commercial basis. Recent reports on this issue have focused on the potential risks to council finances; the intention of LGC's research is for the results to form the basis for a balanced discussion of the risks and opportunities and how councils are managing those.
What is the value of property owned by the council that generates an income (excluding council housing)?
How much in monetary value, if any, of this portfolio relates to residential property?
What is the value of this portfolio has been purchased since 2010 specifically to generate an income?
What is the estimated return on investment from the portfolio over the next five years? Eg. % rental yield
Please provide the type and value of a) the largest property and b) the smallest property.
What is the value, if any, of property owned outside the local authority area?
Please accept my apologies for the delay in responding.
Q1 - £68,914K
Q2 - None
Q3 - £7,297K
Q4 - 9.36%
Q5 - Smallest £0K and Largest £7,297K
Q6 - Zero
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