Issue details

PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS

The purpose of this report is to request that Members agree to the write off of £592,846.07 of unrecoverable rent arrears from the Fund’s property portfolio. The annual property rental income for 2019/20 was £30.9 million.

Decision type: Key

Reason Key: Expenditure impact > £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Anticipated restriction: Part exempt  -

Explanation of anticipated restriction:
Appendix 1 to the report, (A report from CBRE detailing property rent arrears), contains exempt information. This is 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).

Decision due: 29 Mar 2021 by Pensions Committee

Lead member: Councillor Pat Cleary, Leader of the Green Group, Chair Pensions Committee patcleary@wirral.gov.uk

Lead director: Director of Merseyside Pension Fund

Department: Delivery

Contact: Emma Jones Email: emmajones@wirral.gov.uk.

Agenda items

Documents

  • PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS