Issue - meetings

To provide members with an overview of the council’s commercial estate.

Members were provided with an overview of the council’s commercial estate and an update on how the estate was performing following the pandemic under current market conditions. Members were also provided with an overview of the property types, the occupancy levels, an update on the income, lease terms and costs associated with maintaining the portfolio.

A member asked for an update on the Atkins building as it hadn’t been included in this report.  It was agreed that an update report on the Atkins building would be presented to this Scrutiny Committee at its September meeting of this year.

After a range of questions from members it was confirmed that there is currently 7 vacancies out of 82 units and that in the global scale Hinckley was doing well with retail in the town centre.

The Chair thanked the team for a comprehensive report.

Members noted the report.