Nottingham City Council is to spend £100,000 on a solicitor as its review on whether to sell off hundreds of its buildings continues. The authority is aiming to have reviewed 400 of the assets it holds by the end of this year as work continues to improve finances.
As part of this work, the council has just approved a contract extension for a property solicitor who has been leading it. The council says the contract will be extended for up to 12 months, at a cost of £100,000, because of "insufficient capacity" within its own staff.
Reviewing its assets is a key part of the 'Together for Nottingham Plan', which seeks to address the council's financial challenges. Over the last two years, £30 million has been generated from the sale of Nottingham City Council's assets.
