[To approve the procurement of a property management partner to manage key assets within the Council’s estate]

That the progression of the procurement of a Property Management Partner for the commercial property estate (i10, i11 and industrial portfolio) currently managed by Corporate Landlord be approved.

Councillor Peter Bilson presented the report which recommended, following a service review of the Council’s commercial property management and an option appraisal, the procurement of a Property Management Partner for the part management of the Council’s commercial property estate.  The proposal would realise a more cost-effective delivery of the landlord responsibilities for the assets i10, i11 and industrial portfolio thereby protecting the existing rental income with the opportunity to increase. There would be scope and flexibility to include further commercial assets into the partnership subject to financial viability and evidence of risk reduction in terms of ongoing maintenance and statutory compliance.

The partner would be accountable for the delivery of all services associated with managing a commercial portfolio thereby releasing a proportion of the Estates team’s time to focus on strategic objectives.

Resolved:

That the progression of the procurement of a Property Management Partner for the commercial property estate (i10, i11 and industrial portfolio) currently managed by Corporate Landlord be approved.