Sale of Properties Will Help Cut National Debt

Summary


ONE of the region's largest property developers is believed to be closing in on a deal to secure the bulk of the real estate assets of One North East in a move which would secure over pounds 120m of prime industrial stock for the region.

Business secretary Vince Cable recently announced that property owned by One North East and the other regional development agencies would be sold off to help pay off the national debt.

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Extract


Sale of Properties Will Help Cut National Debt

In January 2004 Gateshead-based UK Land Estates and ONE entered into a 50/50 joint venture, called Buildings for...

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