Members gave consideration to a report of the Director of Pensions that provided members with a copy of the report taken to Pensions Committee that had requested that Members agree to the write off of £592,846.07 of unrecoverable rent arrears from the Fund’s property portfolio.  The report informed that the annual property rental income for 2019/20 was £30.9 million.

Appendix 1 to the report, (a report from CBRE detailing property rent arrears), contained exempt information. This was by virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972, i.e. Information relating to the financial or business affairs of any particular person (including the authority holding that information).

Resolved – That the report be noted.