• In this latest Viewpoint, Local Authorities – The New Long-Term Investor, CBRE Research examines how local councils are using long-term debt to invest in long-income commercial real estate in an effort to broaden their income base and increase their financial independence from Government grant.
  • The volume of such investment increased dramatically in 2016, in 82 purchases worth £1.3bn, probably because of specific changes made by the Government to the local government finance framework. This will likely be a significant source of investment unless the Government changes its policy on this type of lending – which they have said they will not do.