Thursday 12 December 2024
 8.5°C   WSW Gentle Breeze

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
 Newer Posts1 of 1Older Posts 
Page 1 of 1

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.

Your Privacy

We use cookies on our site to improve your experience.
By using our service, you agree to our Privacy Policy and Cookie Policy.

Browser is out-of-date

Shetland News isn't fully functional with this version of .
Head over to the help page for instructions on updating your browser for more security, improved speed and the best overall experience on this site.

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?

If you appreciate what we do and feel strongly about impartial local journalism, then please consider paying for membership and get the following features and services: -

  • Remove non-local ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.