Tue, 12 Jul 2011 | COMMERCIAL PROPERTY
Cardiff City Council is planning a range of "major disposals" of its properties in the coming year, making way for a number of commercial property and development opportunities.
The plan is part of a long-term strategy from the local authority governing the Welsh capital, through which it aims to close and sell a significant number of the 51 office buildings in its property portfolio over the next five years.
The disposals this year alone are predicted to generate more than £5 million, which will help to plug the funding gap of £90 million it is facing in the coming three years. It will also help towards its growing maintenance bill for the properties of more than £84 million, £48 million of which is classed as 'essential'.
The council has been devising a new property strategy ever since the Welsh Assembly Government auditors highlighted the deficiencies in the council's asset and property management plans last year.
The local authority has brought in a corporate property and estates manager to develop a land and property strategy, and to start orchestrating commercial sales. The strategy will see the body's administrative work brought in to take place in just four properties, rather than having it spread out across the city, as it is now. The four centres are County Hall, City Hall and the Willcox House and Global Link offices in Grangetown.
A well-established UK distributor renowned for high-quality bicycle components and accessories, serving both retail and trade customers nationwide, is available for acquisition.
This well-established specialist glazing business in Derbyshire boasts over 30 years of success, supported by a well-presented showroom and ample storage.
This well-established car sales and garage business in Nottinghamshire offers a superb reputation supported by positive online reviews and occupies a prominent position on a main road in Worksop.
27
|
Jun
|
Carlisle construction firm saved from potential insolvency by acquisition | BUSINESS SALE
Carlisle-based construction contractor Cubby Construction ha...
27
|
Jun
|
Construction services provider acquires roof maintenance firm | BUSINESS SALE
Construction and facilities management services provider Pre...
27
|
Jun
|
Administrators exploring options after collapse of computer hardware firm | ADMINISTRATION
A computer hardware company based in Nottingham has fallen i...
27
|
Jun
|
Labour supply company acquired by listed firm in £15.7m deal | BUSINESS SALE
Advantage NRG, a specialist labour supply company that serve...
27
|
Jun
|
Administrators exploring options after collapse of computer hardware firm | ADMINISTRATION
A computer hardware company based in Nottingham has fallen i...
27
|
Jun
|
Construction services provider acquires roof maintenance firm | BUSINESS SALE
Construction and facilities management services provider Pre...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.