widget/exchange-42
widget/exchange-50widget/exchange-44widget/exchange-49

SLAP portfolio overvalued by £1.5m, auditors say

Home / Posts tagged "SLAP"

The council took over the property company last month.
News
SIC leader Gary Robinson 'ferry fares reduction will be delivered' - Photo: Hans J Marter/ShetNews
FORMER council leader Gary Robinson explains why buying Shetland Charitable Trust (SCT)’s property arm SLAP was the right thing to do for the council and why public buildings should never have ended up in the ownership of the company in the first place.
The SIC headquarters at 8 North Ness is part of the SLAP portfolio the council seeks to buy back from Shetland Charitable Trust. Photo: Shetland News
SHETLAND Islands Council (SIC) has taken ownership of a wide range of assets including its North Ness headquarters and Shetland College after striking a deal with Shetland Leasing and Property Developments Limited (SLAP) worth just under £17.5 million.
News

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Have you considered becoming a member of Shetland News?

  • Removal of third-party ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.