Aberdeen council to sell commercial properties to raise £45m
Aberdeen City Council has put more than 300 commercial properties up for sale in a bid to raise £45 million for local services.
The local authority is selling 90 industrial units, 15 offices, 75 shops and 130 ground lease properties, the Evening Express reports.
The sites currently pull in £5 million in rent, but the council agreed as part of its budget setting process to examine a sale.
A spokesperson for the council said: “In 2019, as part of the council’s budget setting process, it was agreed to review its commercial property portfolio, which largely dates back to the former district and regional councils.
“At this stage Aberdeen City Council is simply seeking to gauge market interest in its commercial estate to inform future decision making. It should be noted that the portfolio excludes key locations such as strategic city centre sites Marischal Square and Teca.”