PRIZED civic assets across Scotland could be lost to private developers as controversial legislation on long-term leaseholds is resurrected by Holyrood, it has been claimed.
MARKET TRADER: Sir David Murray could pick up an Edinburgh asset worth £50 million for a peppercorn fee if the law on leaseholds changes. Main picture: Gordon Terris
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EXCLUSIVE BRIAN DONNELLY
Land expert Andy Wightman said publicly owned property let on so called ultra-long-term leases – with more than 100 years still to run – could be sold to the leaseholders for a nominal sum.
This would mean assets that councils hold on behalf of citizens and protect from redevelopment could be under threat.
