FOI request on property assets

Dear Eastleigh Borough Council,

BACKGROUND:
Council Leader Keith House states in the Hampshire Chronicle on thursday December 8 2011 that income from EBC's property assets have kept council
tax lower than it otherwise would be.

If the benefits of EBC's property portfolio are enjoyed by residents I imagine the risks are also, Property companies borrow, and then invest earning profits from rental and increases in value with dividends going to shareholders, in EBC's case dividends go to council tax payers as reduced bills so they must be shareholders in the enterprise.
      When property values decrease the shareholders take the loss, so in EBC's case residents must be taking on some risk, and residents therefore have a duty of oversight on the investments and just as shareholders of a property company would expect full disclosure, I expect to see the full details of Eastleigh Borough Councils property holdings

REQUEST:
I would like a list of all the property owned by the council,both land or buildings, held in whatever capacity, with purchase date and the amount paid, also please disclose the most recent valuation of these assets.

The current status of the property and details of any rental incomes associated.

Also I would like the details of all borrowings undertaken for these holdings, the terms, repayments and lender.

I expect the list to be up to date including the recent purchase of the magistrates court for I believe £500,000

This request is reasonable, and after I have seen the full extent of risk associated with our property investments perhaps you will recieve my gratitude for the wise investments made.

Yours faithfully,

Rigel Jenman