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Leicester Council Sells Innovation Centre to DMU

Leicester Council Sells Innovation Centre to DMU

Published 4 weeks, 1 day ago
Description

Leicester City Council sells Innovation Centre to De Montfort University for £2.2M, sparking debate over fairness for taxpayers. The building, a hub for startups, was leased to the university since 1995. Opposition leader Hemant Rae Bhatia criticizes the council for skipping open market bids and potentially undervaluing the property. The council defends the sale, citing valuations and the universitys suitability to maintain innovation. The deal is part of a broader plan to offload £60M in properties to reduce borrowing.

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