council investment
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Council investment in commercial real estate plunges
Spend in 2020 plummets by three-quarters from record high a year earlier
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Council spending on property as risky as 2008 exposure to Icelandic banks: PAC
Local authority investment in commercial property has risen 14-fold in the past three years
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Surrey Heath Borough Council’s Camberley retail assets dive by 68%
The council paid £104m for the assets, which could now be valued as low as £33m