Ian Winslet, Regional Director, ARK Consultancy joined Louise Rawsthorne, Assistant Director, Investment and Commercial Delivery at Babergh and Mid Suffolk Councils to speak at the Housing Forum in London on the benefits of Local Authorities investing in strong covenanted commercial assets for a profit.
Babergh and Mid Suffolk Councils, with ARK’s support, have developed an incorporated group structure and joint capital investment fund of £50 Million to invest in a balanced portfolio of existing commercial assets. The portfolio will create long term income to fill the revenue gap left by reductions in Government support grant from 2020. This ‘profit for purpose’ will be used to support front line services.
The fund invests in a mixed portfolio consisting of assets include wholesale, retail, office and hotel real estate. ARK has supported the Councils in their business planning, governance processes, risk analysis, company directors’ skills auditing and group structure incorporation. The new company will commence trading in April 2017.
To find out more about this or ARK’s wider work and how it might support your own commercial investment ambitions, contact Ian Winslet on 07770 384141 or email@example.com