Surrey calls a halt to investing outside its borders
0Surrey County Council has put a temporary stop to investing in property outside its area, and will instead concentrate on selling off, or reusing empty buildings which it already owns.
The council is looking to reduce its operational buildings (excluding schools) from 300 to 100.
The plans include relocating its headquarters by 2020, selling off its current site at Kingston and moving to a new ‘small’ civic centre in Guildford or Woking, with a final decision on the site due in July.
The council hopes to save £10m in costs by 2024 and to generate £150m in capital receipts over the next five years.
Surrey has an investment portfolio both within and outside worth £425m at the most recent valuation.
Share
