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

Two ways to improve local authority finances

The NAO has concluded insufficient action has been taken to address weaknesses in council finances. Teams from TLT LLP consider what councils should do next.

Opinion

Autumn Budget: What does local government need to hear?

Joe Fyans, head of research at Localis, looks at what local government needs to hear from the Chancellor in the Autumn Statement.

Most Popular News

Unite advises members to reject latest pay offer

Toilet access depends on biological sex, watchdog says

Council launches lawsuit against Grenfell fire fridge maker

Council employee pay offer announced

London boroughs issue bankruptcy warning over £330m overspend

New Products

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

UK-first tool developed by Bluesky scores areas green credentials to aid urban planners

New partnership drives improved air quality and healthier homes in social housing

ShuttleID launches 90-day free trial for local authorities

New steps to keep tenants safe

Invision360 secures Innovate UK smart grant for VITA EHCP generator

New technology to revolutionise air quality monitoring

Case Studies

Acrospire Partners with Bath & North East Somerset Council to Illuminate Historic Film Location with LED Upgrade

Believ to install 22 charge points across Redcar and Cleveland

Acrospire Enhances Harlington Underpass with Energy-Saving Vandal-Resistant Lighting

Croydon Council selects integrated corporate GIS to improve efficiencies

Bath & North East Somerset Council Shines Light on Heritage Preservation with Acrospire's LED Upgrade

Airtech Improves Indoor Air Quality and Tackles Mould for Mid-Devon Social Housing Resident

Acrospire's Sustainable Lighting Solution for Luton Bus Shelters

Company Anouncements

Believ excels in environmental responsibility and worker satisfaction in B Corp certification

Matrix Workforce Management Solutions Appoints Andrew Curry as Client Engagement Director for Health and Social Care

Stepping up to help disabled social housing tenants

Envirobed® CD534: The benchmark for bedding mortars since 2005

Vent-Axia Supports Global Recycling Day 2025

Vent-Axia Publishes Free eBook to Help Social Housing Landlords Navigate Awaab’s Law

Unlock Awaab’s Law compliance with audits

Teaching Assistant

£24,404 – £25,183 pro rata

Teaching Assistant Grade 3 £24,404 – £25,183 pro rata Full Time, Term Time Only + 2 Weeks Temporary – required from 1st September 2025 until 31st A Peterlee

Recuriter: Durham County Council

Class Teacher

£31,650 – £33,483

Classroom Teacher M1-M2 £31,650 – £33,483 Full Time, Whole Time Temporary – required from 1st September 2025 until 31st August 2026 Would you like Peterlee

Recuriter: Durham County Council

Teaching Assistant

£24,404 - £25,183 pro rata

Teaching Assistant Grade 3 £24,404 - £25,183 pro rata Full Time, Term Time Only + 2 Weeks Temporary – required from 2nd June 2025 until 3rd January 20 Spennymoor

Recuriter: Durham County Council

Principal Transport Planner (Strategy)

£46,731-£49,764

We are looking for an experienced professional to join North Northamptonshire Council as a Principal Transport Planner (Strategy). Sheerness House, 41 Meadow Road, Kettering moving to Haylock House, Kettering Parkway, Kettering NN15 6EY, United Kingdom

Recuriter: North Northamptonshire Council