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Council buys retail park for £53m

Croydon LBC has completed the £53m purchase of another freehold site in the borough to provide additional income for frontline services.

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By Dan Peters | 02 November 2018

Croydon LBC has completed the £53m purchase of another freehold site in the borough to provide additional income for frontline services.

It is anticipated that the purchase of Colonnades Retail and Leisure Park will provide an annual income of around £1.4m, net of interest and other costs.

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Dan Peters

Popular articles by Dan Peters

  1. Deal reached after mayor launched legal case against own council
  2. Councils could get powers to suspend members
  3. CCN backs reorganisation
  4. Pennycook: Compulsory purchase to be made 'faster and more efficient'
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