Council buys industrial estate for £8 million
St George’s Industrial Estate in Camberley consists of 23 units and is expected to generate a rental income of £560,000 a year.
Councillor Moira Gibson, leader of Surrey Heath Borough Council, said: “The purchase of the estate supports the council’s property acquisition strategy that aims to invest in property assets as well as assisting with the economic development of the borough. Properties are held for a number of reasons including economic regeneration, supporting business enterprise in the borough and stimulating growth, in addition to income generation.
“Acquiring the estate assists with the overall economic wellbeing of the borough, in particular the regeneration of Camberley town centre which is a key priority of the council.”
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