Sign up for our free email alerts to get Guildford stories delivered straight to your inbox.
We have newsletters
Sign up for our free email alerts to get Guildford stories delivered straight to your inbox.
We have newsletters
Surrey County Council has added a few other developments to its asset portfolio after buying the Victoria Gate site from Woking City Council in a deal that will net the bankrupt authority more than £30 million. The county said it would not disclose how much it paid for the former Mclaren site on Victoria Way, Woking, but the Local Democracy Reporting Service understands the total amount will generate around £32,250,000; the split between McLaren’s advance sale of the facility and how much the county paid remains uncertain.
It comes two months after Surrey County Council announced it plans to add an additional £1 billion of debt to its books as part of its £1. 3 billion investment programme to £2. 4 billion until 2028/29. In announcing the deal, Surrey County Council said the acquisition “supports” its commitment to “efficiency, sustainability and service improvement”, with the new site serving as a corporate hub in north-west Surrey.
It now plans to put its former Quadrant Court on Guildford Road up for sale in a bid to recoup some of its costs. The deal is seen as good news for Woking City Council as it brings more than £30 million to the Array. other people to the city center and potentially allows you to sell your civic center in an attempt to pay you back. part of its own debt of billions of pounds.
READ MORE: Surrey City Council workers likely to pull out after record number of setbacks
READ MORE: Thames Water explains why some Guildford homes ran out of water
The county council expects to make its new acquisition later this year. Councillor Natalie Bramhall, Property, Waste and Infrastructure Cabinet Member, said: “This strategic resolution reaffirms Surrey County Council’s commitment to creating an environment conducive to running while aligning with our wider goals. and progress in service delivery.
Surrey said the resolution was part of its overall vision to “deliver in a new and agile environment that meets the wishes of citizens and employees” and that the location of Woking city centre was optimal for staff and citizens due to the fair quality of the surroundings. Access to public transport and parking.
Surrey County Council has moved its headquarters from Kingston to Woodhatch Place in Reigate after securing the centre for £50 million. Other centers include Dakota in Brooklands, Weybridge, and Fairmount House in Leatherhead. Woking Borough Council leader Cllr Ann-Marie Barker said: “Asset rationalisation is a key component of the council’s improvement and recovery plan agreed with the government.
“The sale of Victoria Gate gives the price for money, both in terms of return to the public purse and benefits to the community. “
Get more SurreyLive straight to your inbox for delivery here.