Study: "Councils to develop £13.5bn of assets"
Fri 3rd October 2014, 9:29 am
A study has shown that local authorities in England are on track to redevelop £13.5 billion of their assets over the next five years to generate more houses.
Think-tank Localis has published the report "Public land, public good", in which it is recommended that a local authority task force is set up to ensure councils maximise returns on their assets.
The estimation for councils to redevelop £13.5 billion in assets was based on a survey of 55 leaders and chief executives from local authorities around England.
The report also argues for the release of a publically accessible register of property assets.
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