“Guidance recommends sale of risky [council] investment properties”

“Councils should consider disposing of investment properties if they are unable to set aside enough reserves to cover potential losses, according to new guidance.

The Chartered Institute of Public Finance and Accountancy (CIPFA) this week released long-awaited guidance on investment in property, prompted by concerns over the levels of risk being taken by local authorities in recent years. …”

Guidance recommends sale of risky investment properties