{"id":56944,"date":"2017-06-05T13:23:45","date_gmt":"2017-06-05T06:23:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-councils-are-taking-huge-commercial-risks-dag-detter\/"},"modified":"2017-06-05T13:31:57","modified_gmt":"2017-06-05T06:31:57","slug":"uk-councils-are-taking-huge-commercial-risks-dag-detter","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-councils-are-taking-huge-commercial-risks-dag-detter\/","title":{"rendered":"UK councils are taking huge commercial risks | Dag Detter"},"content":{"rendered":"


\nLocal government needs more professional management of all its assets, rather than a headlong dive into risky commercial venturesLocal councils in the UK are diving headlong into the commercial property market, acting as though they are private sector hedge funds \u2013 it\u2019s a role they\u2019re not set up for and they run huge risks. The reason behind this commercial adventure is the need to fund gaps in their budgets after years of spending cuts from central government. But if the public sector were better at maximising property assets, perhaps it would not need to try such dangerous arbitrage to bridge the gap in funding. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK councils are taking huge commercial risks | Dag Detter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Local government needs more professional management of all its assets, rather than a headlong dive...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-56944","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-eOs","jetpack-related-posts":[{"id":119135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/making-real-estate-assets-work-for-local-governments\/","url_meta":{"origin":56944,"position":0},"title":"Making real-estate assets work for local governments","date":"November 6, 2020","format":false,"excerpt":"\r Dag Detter, plus co-authors, argue local governments should be encouraged to consolidate their substantial real estate assets into Urban Wealth Funds (UWFs) to maximise their value.\r \r Source : ft.com\r Read more...Making real-estate assets work for local governments","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/planning-regulations-that-are-a-disgrace-letter\/","url_meta":{"origin":56944,"position":1},"title":"Planning regulations that are a disgrace | Letter","date":"November 28, 2019","format":false,"excerpt":"\r Councils have their hands tied and cannot prevent people being cramped into rooms below government standards, says Joseph EjioforYour article (The billionaire and the 219 tiny flats: a new low for rabbit hutch Britain?, Money, 23 November) highlighted the injustice of permitted development, which has once again reared its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/commercial-capital-values-may-confuse-newbies\/","url_meta":{"origin":56944,"position":2},"title":"Commercial capital values may confuse newbies","date":"May 22, 2018","format":false,"excerpt":"\r Council-issued capital values can be hugely confusing for entry-level commercial property investors, warns an investment sales specialist.Every three years, councils around New Zealand undertake capital value (CV) assessments to...\r \r Source : nzherald.co.nz\/Property\r Read more...Commercial capital values may confuse newbies","rel":"","context":"In "Property 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property remains in demand even as bankers head for exit","date":"January 29, 2017","format":false,"excerpt":"\r Appetite for prime commercial property in London from Gulf investors remains strong despite concerns about Brexit and the potential relocation of thousands of banking jobs to other European cities.Since the UK's prime minister Theresa May announced on January 17 that the UK would leave Europe's single market, two major\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42215,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-investors-appetite-for-london-property-remains-despite-brexit-concerns\/","url_meta":{"origin":56944,"position":5},"title":"Gulf investors' appetite for London property remains despite Brexit concerns","date":"January 29, 2017","format":false,"excerpt":"\r Appetite for prime commercial property in London from Gulf investors remains strong despite concerns about 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