City council set to establish property investment company
Birmingham City Council is proposing to create a new property investment body to generate additional capital receipts for the local authority.
The new body, which would be a wholly-owned company (WOC) within the council’s control, would deliver a commercial property investment strategy involving the acquisition, leasing and disposal of properties to generate revenue for the council.
The move is similar to one adopted by a number of other local authorities as they look to claw back revenue and ease the pressure on tight budgets... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
