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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