Leicestershire County Council has spent £20m on business rentals More than £20 million has been spent by Leicestershire County Council buying office buildings to rent out, as it faces making £50 million worth of cuts.
Embankment House in Nottingham and adjourning development land cost the council £12.6 million, and three office buildings on a business park in Lichfield set it back £11.4 million, according to a cabinet report.
The buildings were purchased using cash from the council’s asset investment fund.Councillor Byron Rhodes , deputy leader and finance spokesman for the council, said the properties should earn the council £5 million a […]
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