This event has been specially developed to support local authorities develop a robust investment property strategy. In recent years, councils across England have borrowed massive sums to finance the purchase of real estate. Commercial property investments can help with closing the budget gaps, but can at the same time be very volatile. This event will consider the area in greater detail and provide expert tips on how authorities can handle the risks better in the future and reap financial rewards.
10 October 2019Starts: 10:00Ends: 15:30
CIPFA Mansell Street77 Mansell StreetLondonGreater LondonE1 8AN[See map]
£295.00 excl VAT
£195.00 excl VAT
*online booking for this event has closed. Bookings can now be made by phoning 020 7543 5892.
Local authorities across the country struggling to make up for budget cuts have been increasingly looking at commercial property investment to help plug the funding gap (according to a survey, the number of councils investing in assets they deemed 'investment property' increased from 35 in 2015/16 to 71 in 2017/18).
The deep financial constraints have resulted in the risk appetite changing, and many authorities have looked at more commercial avenues to generate additional income streams to ensure vital public services are maintained. Investments are wide ranging and include snapping up shopping centres, car parks and office premises, both in and outside council areas. Investment in property is likely to remain part of many councils’ financial strategies in the foreseeable future. However, research has identified significant gaps in knowledge of local public and private assets.
It is therefore essential that practitioners develop clear understanding and approaches to this rewarding, but strategically highly risky area (downturn in the property market or government controls) and learn from previous ‘cautionary tales’.
This event will give you answers to some of the common questions around commercial property investment, and help you to:
Four and a half hours.
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Sandra is a qualified accountant, and has 15 years’ experience in local government working at Warwickshire County Council, initially as a Principal Accountant within Adult Social Care and then as the Capital Accountant within Corporate. She joined the CIPFA Fan Advisory Network as a FAN Advisor in 2017 providing advice and support to practitioners across the Public Sector. E: firstname.lastname@example.org, T: 02476 591922.
Tim joined CIPFA in October 2017 from Savills where he specialized in property and asset management. He is a professionally qualified chartered surveyor and leads the Property Advisory Team delivering network activity and consultancy to multiple public sector clients.
Playing the Property Investment Game with Confidence