Government saving on property sales

Sat, 19 Oct 2013

Government continues to make savings as it sells off buildings and office space no longer in use.

This revenue generating initiative was devised as a way of helping government in a huge undertaking to rebalance the books.

In recent years annual rental spend has reduced by over £700,000 - this figure is expected to double by 2018.

Chief Minister Allan Bell says the money generated by selling surplus property has so far surpassed expectations: