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.

Popular articles by Jamie Hailstone

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

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Popular articles by Jamie Hailstone

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

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408