Issue - meetings

The Committee heard from the Property & Assets Manager with a report providing Members with the performance of the Commercial Property Portfolio for 2020/21 and noting any emerging issues.

Members were appraised of any impacts encountered as a result of the Covid-19 pandemic, although it was highlighted that the overall impact had not been as severe as had initially been predicted. It was accepted that there could be ongoing difficulties in the future and it was anticipated that the Property and Assets Manager would commence site visits in the near future as the usual visits had not been taking place during the pandemic.

There was significant discussion regarding the environmental impacts of the investment portfolio, in particular the carbon footprint, and it was suggested that a subsequent paper could be brought to the Committee exploring the matter in greater detail. It was also suggested that a review into the management of the portfolio should be undertaken and a report on such brought to the Committee.

Members thanked the Officer for his hard work and the contents of the report were DULY NOTED.