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EDINBURGH MAKES MILLIONS FROM SHOPPING CENTRE SALE

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Edinburgh city council has sold the Gyle Shopping Centre to tenants Marks and Spencer and Safeway for more than£12...
Edinburgh city council has sold the Gyle Shopping Centre to tenants Marks and Spencer and Safeway for more than£122m, the Herald reports (p5).

The deal will release£76 million for the cash-strapped council, to spend on education and transport projects. The sale will also wipe£17 from the average council tax bill.

In a separate story (p5), the paper reports that Dundee CC has received offers for properties it too has on the market, including two former schools and a former old people's home.

If completed, the sales would bring hundreds of thousands of pounds in much needed capital receipts.
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