LocalGov.co.uk - Your authority on UK local government masthead
Laura Sharman 12 March 2019

Welsh council buys leisure park for £21m

Monmouthshire County Council has purchased the freehold of Newport Leisure Park for £21m.

The 11-acre site includes a cinema, restaurants, leisure facilities and parking spaces. New housing is also being developed in the area, which is close to the potential new route for the planned M4 link road.

Paul Matthews, CEO of the council, said: ‘We are pleased to have secured a well-let, long income asset that will provide an excellent annual return for the council and help us to sustain our wider service delivery portfolio in the years ahead.

He added: ‘It is the latest addition to our commercial investment portfolio following our recent acquisition of Castle-gate Business and Science Park.’

Photo: © Jaggery

#Income generation #Property

Analysis

Opinion

Most Popular News

Wandsworth Council considers council tax rise of up to 160% image
Wandsworth Council considers council tax rise of up to 160%
Oldham Council refers itself to MHCLG after failed leadership vote image
Oldham Council refers itself to MHCLG after failed leadership vote
Devo minister resigns image
Devo minister resigns
Future Sheffield: How one city council is upskilling its workforce image
Future Sheffield: How one city council is upskilling its workforce
Mother tells inquest sons fall from tower block was ‘preventable’ image
Mother tells inquest son's fall from tower block was ‘preventable’

New Products

Safeguarding Children - the AAT Way

MSL enhances hygiene auditing with air quality testing for Awaab’s Law compliance

Cadcorp launches Mapestry

Bolton Council Upgrades 120+ School Crossings with Smart CMS Control by Lucy Zodion

NEC CONTRACTS HAS GONE DIGITAL: PAPERLESS, TO GIVE YOU MORE

Vent-Axia Delivers Social Housing a Smart Ventilation Solution Ahead of Awaab’s Law

New remotely lockable cabinet will help manage medication for people with mental health issues

Case Studies

Acrospire Improves Safety Across Greenwich Subways with LED Lighting Upgrade

Cornwall’s Coastal Heritage Lighting Upgraded with Acrospire Lanterns

Acrospire Delivers Durable Handrail Lighting Upgrade for Historical Landmark Jacob’s Ladder

Acrospire Delivers Seamless Heritage Lighting Upgrade on Bath’s North Parade Bridge

Acrospire Delivers Retrofit Lighting for Newbridge’s Joe Calzaghe Footbridge

Acrospire Delivers PIR-Controlled Lighting at Ruislip Lido Car Park

Spennymoor Market Place and Consett Middle Street revitalised using Thorn Lighting’s Thor Lanterns and Customisable Gobo Projectors

Company Anouncements

Acrospire promotes LED retrofit for structurally viable lighting assets

Vent-Axia Welcomes the Future Homes Standard as Competency Takes Centre Stage

Apricorn Becomes First and Only Hardware-Encrypted USB Storage Device Manufacturer to Achieve AS9100 Certification

AAT helps Councils step up to address children’s social care

CU Phosco Approved as a Crown Commercial Service Supplier

Acrospire triumphs at the 2025 HEA Awards with Sustainable Project of the Year

TRT Lighting retrofit helps Lincolnshire County Council cut street lighting energy use by over 65%

Popular Topics

#Young people #Workforce #Waste #Unions #Transport #Tax #social care #Skills #Schools #Safety #retention #Regeneration #reform party uk #Recruitment #Property
SIGN UP
For your free daily news bulletin
Highways jobs

Permits Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£30,225 - £42,888 per annum
Job Title
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Assistant Director of Housing

City of York Council
£86,537 – £95,898
The city is entering an exciting period of transformation. York, North Yorkshire
Recuriter: City of York Council

Correspondence Support Officer

Royal Borough of Greenwich
£38,256 - £39,276
Royal Greenwich is a borough synonymous with first class modern services. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Internal Auditor

The Royal Borough of Kensington & Chelsea Council
Negotiable
Dig into the detail. Shape smarter services. Help us build a better borough.Behind every great Council is a team that makes sure things are working as England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Technical Officer - Asbestos

Kirklees Metropolitan Council
£45,091- £47,181
As the Asbestos Technical Officer, you will play a pivotal role in ensuring statutory, regulatory and best practice requirements Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council
Linkedin Banner