Stay with housing developments urges L&G

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Sticking with housing developments as an investor offers better returns for councils, according to a leading investment firm.

Rather than selling land, councils were urged by Legal and General’s public sector partnerships lead Pete Gladwell to think long-term.

He told Room151’s Local Authority Treasurers Investment Forum: “By staying in you get a better chance of ensuring the pace of delivery and the quality of delivery. Staying there to receive long-term revenue can be quite attractive.”