Spelthorne to enter central London commercial property market
0Spelthorne District Council is close to buying two buildings in London for £300m, according to The Times newspaper.
According to a report, the council is set to pay £140m for 100 Cheapside in the City of London.
In addition, it is in talks to spend £160m on an office in the Nine Elms development in Battersea, which will become the headquarters of Penguin Random House.
In August, Room151 reported that the council had taken its total sum borrowed from the Public Works Loan Board for property investment close to £1bn
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