Council property acquisitions near £1bn in H1 2018

12 Hammersmith Grove

Local authorities’ spending on commercial property hit £994m in first half of 2018.

Data shared exclusively by Savills has shown that councils’ spending spree totalled £994m between January and June, and is on track to beat last year’s £1.8bn figure by the year-end.

During the first six months of last year, councils’ commercial real estate acquisitions totalled £681m.

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