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ENFIELD LBC GIVES UP ITS SHOPS AND HOUSES

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Enfield LBC is to give away Edmonton Green shopping centre and surrounding housing estates to a development consort...
Enfield LBC is to give away Edmonton Green shopping centre and surrounding housing estates to a development consortium, reports the Financial Times (p10).

The deal includes a£100m regeneration programme to which council tenants and business representatives have agreed.

The FT concludes that this 'is a striking illustration of local authorities releasing assets to finance development' and thereby cutting down on their own costs.
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