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Council cashing in on property sell-off

posted 6 Oct 2010, 08:45 by David Rintoul   [ updated 6 Oct 2010, 09:08 ]

A sell‑off of council-owned land and property is under way in a bid to raise millions for new public projects and kick-start the Capital's development market.

The city council is lining up 15 separate deals across the city that could ease the way for developers to press ahead with massive projects that will include new housing, hotels, student flats and retail.

Eight of the sites are expected to bring in £15 million for the council, while the other seven sites have not had valuations put on them but are set to raise several million pounds more.

Is the council right to go ahead now with its great property sell-off? Vote here

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