District Council
Helping to gain approval for a commercial property investment strategy
This District Council needed to produce a clear and robust strategy document that they could use to gain full Member approval before building a significant commercial property investment strategy.
Challenge
Although Officers had secured high level interest in developing a commercial property investment strategy, it was clear that Members would want to see a robust strategy, including an outline business model, in order to give it full approval.
Value
CGT Consulting worked closely with the Council's Asset Management team to develop a strategy document that provided:
- an explanation of the legislative framework that would underpin the strategy and the creation of a commercial investment vehicle.
- the proposed criteria for acqusitions - including funding sources and portfolio composition.
- an evaluation of relevant risks and mitigation.
- a detailed description of the governance arrangements that would be required.
- a description of a commercial model to support income generation - including high level financial projections.
- an overview of the necessary due diligence required.