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Thurrock Council plans to sell £30M in idle properties to cut debt and borrowing.
Thurrock Council plans to sell £30 million in non-operational assets, including vacant land and underused properties across six wards, to boost finances and reduce debt.
The sales, expected to raise £29.6 million in 2025/26, aim to cut borrowing, eliminate maintenance costs, and end legal liabilities.
Two business centers in Tilbury and Grays may also be sold, as they generate insufficient income to cover long-term expenses.
Government-appointed commissioners stress the need for transparent, value-driven sales with independent valuations.
This follows prior sales of retail parades and South Essex College.
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El Consejo de Thurrock planea vender £30 millones en propiedades ociosas para reducir la deuda y los préstamos.