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Cardiff council could sell properties to raise up to £10m | Cardiff council could sell properties to raise up to £10m |
(about 2 hours later) | |
Hundreds of properties owned by Wales' biggest council could be sold off to raise up to £10m. | |
Consultants Jones Lang LaSalle has been asked by Cardiff council to review its 561 non-operational buildings. | Consultants Jones Lang LaSalle has been asked by Cardiff council to review its 561 non-operational buildings. |
They include shops, pubs, clubs, hotels and industrial workshops. | They include shops, pubs, clubs, hotels and industrial workshops. |
The report says the council should sell 261 properties but keep its bigger commercial properties - with tenants including Marks and Spencer, Boots and Tesco. | |
The authority's leader, Phil Bale, said: "We need to look at everything we do and also all the assets we own to make sure we deliver as much income as possible." | The authority's leader, Phil Bale, said: "We need to look at everything we do and also all the assets we own to make sure we deliver as much income as possible." |
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