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Stay with housing developments urges L&G

0
  • by Colin Marrs
  • in 151 News
  • — 26 Sep, 2019

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.”

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  • 151 BRIEFS – WHAT’s NEW?

    • Homes England agrees strategic partnership with two authorities
    • Soaring inflation and pay pressures to add £3.6bn to council budgets
    • Underfunded social care reforms could ‘exacerbate workforce pressures’
    • Nottingham City Council leader labels proposed intervention as ‘disappointing’
    • Government preparing to intervene in Nottingham City Council
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