Priory Meadow is now one of the most successful shopping centres in the country and has a waiting list of businesses that want to locate there. Figures just out show the centre is bucking the national trend with footfall and sales both growing at a time when many other town centre shopping centres are in […]
In his monthly report to the people of Hastings council leader Peter Chowney has hailed the policy of buying up commercial property a ‘success’ on many levels. Having borrowed close to £50m in the last four years there has been growing interest in Hastings Borough Council’s (HBC) property owning ambitions with many local people unhappy […]
Councils that dabble in the property business often pay too much for the properties they are buying because they lack experience and are seen by estate agents as ‘buyers of last resort’ according to one property expert. His comments come as there were further warnings in the national press this weekend that owners of commercial […]
Prudent planning for the future or reckless behaviour creating a ‘ticking time bomb’ for Hastings Borough Council’s (HBC) finances? Your council has borrowed more than £40m in your name in the last five years to invest in commercial property – and more is planned. Like everything that happens in politics there is a group of […]
