SLAP portfolio overvalued by £1.5m, auditors say
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.
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.
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