ECONOMIC GROWTH

Lloyds buys Birmingham's NEC for £300m

Birmingham City Council has sold the NEC Group to the private equity arm of Lloyds Banking Group for more than £300m.

By Jamie Hailstone | 20 January 2015

Birmingham City Council has sold the NEC Group to the private equity arm of Lloyds Banking Group for more than £300m.

The local authority announced on 16 January it has sold the firm to LDC for £307m, which includes a 125-year lease on the NEC site.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Frugal authorities may be left exposed to more cuts
  4. Turning challenges into opportunities
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