Issue details

Croydon Investment into Resonance Residential Property Fund

The Council invested £30m 10 years ago with Resonance in return for dividend income and property nomination rights for TA/EA. The fund mature in February 2023 and the Council now needs to re-consider the investment.

Decision type: Key

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 14/09/2022

Decision due: 25 Jan 2023 by Cabinet

Lead member: Cabinet Member for Finance

Lead director: Interim Corporate Director of Resources (Section 151)

Department: Resources Directorate

Contact: Nish Popat, Interim Head of Corporate Finance Email: nish.popat@croydon.gov.uk.