A council has sold a warehouse for a £2.5m profit as it tries to cut its huge debt.
Slough Borough Council effectively declared bankruptcy in May 2021 and announced it would sell off assets to lower its £760m borrowing debt.
An Odeon cinema in Basingstoke and a hardware store in Wolverhampton will also be sold.
It is said the council needed to sell up to £600m of its £1.2bn of assets to reduce its debt.
The out-of-borough assets currently in the process of being sold were initially bought as investments for the council to receive income from the rent but they were not as lucrative as hoped.
Councillor Rob Anderson told the Local Democracy Reporting Service four properties will be sold as they are not required by the council and not used by Slough residents.
He said the sales "support the council's financial recovery by producing significant capital receipts and reducing our borrowing and debt charges".
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