HOUSING

Newport to set up company for property maintenance

Newport CC is planning to set up an arm's-length trading company to take over the maintenance of its properties.

Social housing (c) Nigel J. Harris/Shutterstock

Newport CC is planning to set up an arm's-length trading company to take over the maintenance of its properties.

The Welsh council estimates the company – which will take over from a joint venture with the Norse Group ending in December – will deliver a surplus of about £2.3m in its first three years of trading.

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