William Eichler 04 February 2020

Aberdeen council considers selling buildings for £45m

Aberdeen council considers selling buildings for £45m image

Aberdeen City Council is considering selling off hundreds of public buildings in an attempt to find millions of pounds of funding.

The cash-strapped council is considering selling around 90 industrial units, 15 offices, 75 shops and 130 ground lease properties, which are valued at £45m.

It is estimated that collectively these sites raise £5m a year in rent.

A spokesperson for Aberdeen CC stressed that at this stage they were only ‘seeking to gauge market interest’.

‘In 2019, as part of the council’s budget setting process, it was agreed to review its commercial property portfolio, which largely dates back to the former district and regional councils,’ they said.

‘At this stage Aberdeen City Council is simply seeking to gauge market interest in its commercial estate to inform future decision making.’

The spokesperson also noted that the portfolio excludes key strategic locations, such as strategic city centre sites, Marischal Square and The Events Complex Aberdeen (TECA).

For your free daily news bulletin
Highways jobs

Social Worker - Children with Disabilities - West

Essex County Council
£30001.0 - £41000.0 per month
In Essex County Council we are "Serious about Social Work". Having recently won the Best Social Work Employer of the Year Award 2018 and been awarded England, Essex, Harlow
Recuriter: Essex County Council

Education Legal Services Officer

Essex County Council
Please note that there are 2 positions available, 1 permanent position and 1 fixed term position for 12 months. Essex County Council has embarked upon England, Essex, Chelmsford
Recuriter: Essex County Council

Project Support Officer

The Royal Borough of Kensington & Chelsea Council
£25,833 - £29,796 per annum
This role supports the project delivery and business operations of the Asset Strategy and Short Breaks Teams, ensuring that regular business runs... Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Data Administrator

The Royal Borough of Kensington & Chelsea Council
£25,833 - £29,796 per annum
You must have excellent ICT skills to include Excel and Word, plus experience of using email. Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Team Manager - Corporate Support

Epping Forest District Council
£33,500 - £36,401 (doe) plus excellent benefits
To be successful you will have previous experience in a Team Management role in service delivery with a focus on continuous improvement. Essex
Recuriter: Epping Forest District Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how public sector organisations can unlock the hidden value in their land, and why a new approach to construction could help boost the outcomes of the Government’s One Public Estate programme.

The December issue also considers why learnings from ancient cities could provide the key to promoting wellbeing in the modern built environment. It also contains a case study on how the London Borough of Westminster has provided high quality care for the elderly alongside a block of luxury apartments.

Register for your free digital issue