widget/exchange-29
widget/exchange-30widget/exchange-33
widget/exchange-31

News / SLAP reshuffle

The council took over the property company last month.

Shetland Islands Council headquarters at North Ness in Lerwick. Photo: Shetland News

A RESHUFFLE of Shetland Leasing and Property Developments Ltd’s (SLAP) board of directors has been completed after it was bought by Shetland Islands Council (SIC) in October.

The council’s capital programmes manager Robert Sinclair and new finance manager Jamie Manson have been appointed as directors, with SIC lawyer Susan Brunton taking up the secretary post.

The council took ownership of a number of SLAP properties from Shetland Charitable Trust in October in a deal worth just under £17.5 million.

All of SLAP’s previous directors have resigned from the company.

Among the properties in the deal are the council’s headquarters at 8 North Ness, which the council leased from SLAP, and Shetland College.

The move should see the council bring in extra income from leasing out properties, while it will also see its outlay on rent reduce.

SIC director of corporate services Christine Ferguson said SLAP continues to trade as previously after being taken over by the council.

“There is a lot of detailed work that we will be doing over the next three-four months as we begin to manage the SLAP portfolio,” she said.

“The appointment of directors and a company secretary by the council is one of the first steps in that process.”

Become a member of Shetland News

Shetland News is asking its many readers to consider paying for membership to get additional features and services: -

  • Remove non-local ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.

If you appreciate what we do and feel strongly about impartial local journalism, then please become a member of Shetland News by either making a single payment, or setting up a monthly, quarterly or yearly subscription.

 
widget/pd_widget-6widget/pd_widget-7widget/exchange-53widget/exchange-54widget/pd_widget-8widget/exchange-55widget/pd_widget-9widget/exchange-56

Newsletters

Subscribe to a selection of different newsletters from Shetland News, varying from breaking news delivered on the minute, to a weekly round-up of the opinion posts. All delivered straight to your inbox.

Daily Briefing Newsletter Weekly Highlights Newsletter Opinion Newsletter Life in Shetland Newsletter

JavaScript Required

We're sorry, but Shetland News isn't fully functional without JavaScript enabled.
Head over to the help page for instructions on how to enable JavaScript on your browser.

Your Privacy

We use cookies on our site to improve your experience.
By using our service, you agree to our Privacy Policy and Cookie Policy.

Browser is out-of-date

Shetland News isn't fully functional with this version of .
Head over to the help page for instructions on updating your browser for more security, improved speed and the best overall experience on this site.

Interested in Notifications?

Get notifications from Shetland News for important and breaking news.
You can unsubscribe at any time.

Have you considered becoming a member of Shetland News?

If you appreciate what we do and feel strongly about impartial local journalism, then please consider paying for membership and get the following features and services: -

  • Remove non-local ads;
  • Bookmark posts to read later;
  • Exclusive curated weekly newsletter;
  • Hide membership messages;
  • Comments open for discussion.