Decision details
Review performance indicators for the Investment Portfolio and main risks to the programme
Decision Maker: Property and Investments Executive Sub-Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
The Property and Investments Executive Sub-Committee:
a. Considered the performance indicators for the asset management of the Commercial Investment Portfolio for Q4 2023/24:
Indicator |
Measure |
Q4 2023/24 |
Comments |
Total contracted annual income |
|
£18,787,500 |
Unchanged due to rent free periods on lettings |
Voids |
Vacant units as a percentage of total rental value |
6.5% |
Reduced from 9.1% following lettings at Imperial House and Alchemy |
Rent arrears |
|
Not available |
|
b. Agreed to align future meeting dates to enable KPI updates to be completed prior to publication of meeting reports.
c. Considered the main risks to the programme set out under paragraph 10 below.
Publication date: 18/04/2024
Date of decision: 15/04/2024
Decided at meeting: 15/04/2024 - Property and Investments Executive Sub-Committee
Accompanying Documents: