Buckinghamshire County Council reaches final of ‘Commercialism in Property’ category at Municipal Journal Awards 2017
Buckinghamshire County Council is through to the final of the Commercialism in Property category at the Municipal Journal Awards 2017.
The County Council has been shortlisted due to their commercial approach to the property market which brings in millions of pounds to fund vital services.
The money made by the County Council from leasing out the property it owns has risen from £730,000 in 2012 to nearly £4.5m today. This is down to a number of successful property acquisitions, alongside the regeneration of the council’s estate, including Old County Hall, which has been transformed into a business hub, exhibition space and beauty spa.
The Municipal Journal Awards are renowned for celebrating the very best practice amongst local authorities.
Buckinghamshire County Council leader Martin Tett said: ‘I’m delighted we’ve clearly impressed the MJ judges for our commercial approach to property, which generates millions of pounds on behalf of our residents. With changes to the way local government is financed, having a commercial outlook and bringing in additional income is an essential part of our strategy to protect frontline services.‘
The winner will be announced on Thursday 15th June 2017 at the award ceremony which is being held at the Hilton Hotel, Park Lane, London.