BUSINESS

Authority opts to expand property portfolio in bid to fund services

A council has expanded its commercial property portfolio to help generate alternative sources of income to support its services.

A council has expanded its commercial property portfolio to help generate alternative sources of income to support its services.

Crawley BC made its second office purchase for £8.1m and plans to generate more than £633,000 in rent a year, representing a 7.3% yield.

Dan Peters

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