The Council's Investment Property Division and its Investment Property Committee (which is made of Council representatives) manage the Council's investment properties.
Council's investments include commercial, industrial, residential, retail and rural.
The investments include commercial, industrial, residential, retail and rural properties.
The purpose of the Council's involvement in investment property is to provide an assured future source of non-rates income and capital gains on the property asset value. This is acquired through long-term lease and property sales.
The Council has been involved in commercial property since June 1879 when the original subdivision of the Town of Invercargill set aside one quarter acre section for every 10 sections that were created, as a Municipal Endowment.
While this practice did not continue with future subdivisions the Council has over the years acquired other land which provides revenue and enhances the Council's property holdings.