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20 Jan 22
The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
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9 Dec 21
A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
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2 Sep 21
Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
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26 Jul 21
A borough council failed to carry out proper investigations before spending £100m on a shopping centre and surrounding properties in its area, according to an independent report.
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17 Feb 21
Reading Borough Council has scrapped plans to add to its commercial property portfolio due to Covid-19 and changes to Public Works Loan Board lending rules.
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25 Sep 20
Council investment in buying buildings dropped by 56% in the first quarter compared to last year, while spending on new construction projects fell just 14% according to government data.
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14 May 20
The lifeline that commercial property investment offered many councils looks set to be cut in the face of a government clampdown on borrowing
20 Jan 22The value of two retail investments made by Surrey County Council in 2017 has plummeted by tens of millions of pounds – to less than half of the original purchase price – due to Covid-19.
9 Dec 21A district council in Somerset, which has spent more than £40m in commercial property outside of its boundaries, has abandoned further investment plans, amid proposed borrowing restrictions in the...
2 Sep 21Mansfield District Council is set to sell a hotel it owns in Edinburgh, after the Covid-19 lockdown led to the operator saying the site was ‘unsustainable’.
26 Jul 21A borough council failed to carry out proper investigations before spending £100m on a shopping centre and surrounding properties in its area, according to an independent report.
17 Feb 21Reading Borough Council has scrapped plans to add to its commercial property portfolio due to Covid-19 and changes to Public Works Loan Board lending rules.
25 Sep 20Council investment in buying buildings dropped by 56% in the first quarter compared to last year, while spending on new construction projects fell just 14% according to government data.
14 May 20The lifeline that commercial property investment offered many councils looks set to be cut in the face of a government clampdown on borrowing
