Local Authority Investment – Surely You Just Follow The Money?

Summary

Commercial property investment by local authorities outside their areas lives to tell another tale, despite revisions to the Prudential Code.

Brian argues that property investment within a council’s area might turn out to be the more attractive option if only those looking at the options could properly assess the breadth of financial and non-financial benefits from ‘local’ investment. This article complements a series on investment in this edition of Terrier.