Aberdeen City Council tests water on multi-million pound property sell-off

Hundreds of publicly-owned buildings could soon be sold-off across Aberdeen to raise millions of pounds for council coffers.

The Press and Journal writes:

The cash-strapped local authority agreed to reduce its property holdings as part of last year’s budget talks, as councillors tussled with options for cutting £40 million. Now buyers with an interest in more than 300 sites across the city are being asked to make themselves known – and to tell officials which properties they would be most interested in purchasing. Aberdeen City Council has valued the lots at £45 million, with hope funds raised can be put towards ongoing regeneration work.

…SNP group leader on Aberdeen City Council, Alex Nicoll, said: ‘The council must look to save money where it can and if selling off these buildings makes financial sense then that is what should be done.’

Read more….

This entry was posted in Sector NewsBlog. Bookmark the permalink.