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SLAP portfolio overvalued by £1.5m, auditors say

Home / Posts Tagged "SLAP"

SLAP reshuffle

The council took over the property company last month.
•News
SIC leader Gary Robinson 'ferry fares reduction will be delivered' - Photo: Hans J Marter/ShetNews

SLAP deal ‘extremely good news’

FORMER council leader Gary Robinson explains why buying Shetland Charitable Trust (SCT)’s property arm SLAP was the right thing to do for the council and why public buildings should never have ended up in the ownership of the company in the first place.
•Viewpoint
The SIC headquarters at 8 North Ness is part of the SLAP portfolio the council seeks to buy back from Shetland Charitable Trust. Photo: Shetland News

SIC buys SLAP portfolio in ‘landmark deal’

SHETLAND Islands Council (SIC) has taken ownership of a wide range of assets including its North Ness headquarters and Shetland College after striking a deal with Shetland Leasing and Property Developments Limited (SLAP) worth just under £17.5 million.
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