Edinburgh Council Company Posts Hefty Loss After Slump in Office Lettings

The HeraldOctober 27, 2004

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Summary


THE Edinburgh City Council joint venture company that owns the capital's flagship business park has posted a hefty loss, following an enduring slump in the office lettings market.

The deficit is bad news for Edinburgh residents, because the authority has previously used its share of the firm's profits to cut council tax bills.

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Edinburgh Council Company Posts Hefty Loss After Slump in Office Lettings

New Edinburgh Ltd (NEL), which owns Edinburgh Park next to the Gyle in the west of the city, blamed a UK-wide downturn in office take-up for...

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