Hackney Council invests £60m in Land & Property

Written by Estate Agent Networking UK on - Breaking News -

A busy year of spending saw Hackney Council supposedly outlay more than £60 million in real estate to include a Tesco site on Morning Lane and properties from Taylor Wimpey and Trading Acres. These purchases were said to have been carried out during 2016/17 a recent investigation found.

These figures were discovered from an ongoing investigation via Investigative Journalism in to the topic of gambling in amongst councils on the property market as a source of ongoing income following recent government cuts – Hambleton District Council recent report showed similar actions taking place.

Town Halls have been increasing spending / investment in to land and property to show an incredible spike from £76.4 million in 2014/15 to £1.4 billion in 2017/18.

Full story available on Hackney Citizen website.

Author: Estate Agent Networking UK

We share news updates and posts from within in the industry. All content shared via this Estate Agent Networking user account are third party and not that of our team.


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