Watford Council acquires Croxley Park in 40-year leasehold deal

Croxley Park, Watford

Watford Borough Council has acquired the long leasehold of Croxley Park business park in a first ever deal of its kind for a local authority.

The local authority will manage the 725,000 sq ft park on a 40-year basis, paying £9.2m a year to owners Columbia Threadneedle.

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