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News and Comment July 2020

Index: 2020

13 July - Selling up, moving out

Distribution CentreI’ve been thinking of doing exactly that myself. London is no longer an appealing place to be and rapidly getting worse but this is not about me, it’s about Bexley Council.

Only two years ago the Council bought the Erith Distribution Centre in Manor Road for very nearly ten million pounds.

Their expensive financial advisers said there was a fat profit to be made from renting but the only occupier was themselves, it’s where they stored the bins when the new recycling arrangements went pear shaped last year.

So with another failed business enterprise to contend with Bexley Council has decided to sell the warehouse on Rightmove.

But is it the right move?

 

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