Local authorities are emerging as key investors in the UK property market, last year making up around 3.5% of investments compared to much lower figures previously, writes Kevin White, partner at Montagu Evans.
Already just over half of investment by councils is within their own boroughs, driven not just by a need to replace the 60p in the pound cut in central government funding, but also to take a stake in their local economies. Central to their vision is delivering longer term placemaking and improved public realm, with a greater level of control of retail repurposing in order to create the
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