FINANCE

Council buys office to generate income

South Cambridgeshire DC has made a £13m investment in a high-quality office building to generate an initial net return of around 5.6%.

South Cambridgeshire DC has made a £13m investment in a high-quality office building to generate an initial net return of around 5.6%.

Lead cabinet member for finance, Cllr John Williams, said: ‘This investment will give us a good return, which we will re-invest into frontline services for many years.

Dan Peters

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