I am currently conducting some research for my postgraduate degree. As part of my research, I am investigating the investments made by Local Authorities outside of their immediate geographical boundary, referred to as “out-of-area investments”.
I am writing to submit a Freedom of Information request to seek information related to your investments in commercial real estate outside your local area. I kindly request your assistance in providing the following information:
1. Do you hold any out-of-area commercial real estate for investment purposes?
No, Devon County Council does not directly hold any out-of-area commercial real estate for investment purposes. It does have a £10 million investment in the CCLA Property Fund –
2. If the answer to the first question is affirmative please answer the following questions:
a. How many out-of-area acquisitions have you made since 2016?
N/A
b. What is the total value of your out-of-area investment property?
N/A
c. What were the main sources of funding for these acquisitions?
N/A