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September 17th, 2009 by Administrator

Recently, the University of Chester acquired County Hall by the river side for a price of £28.75m in order to accommodate its growing staff. County Hall resident Cheshire West and Chester Council will now shift its offices to the HQ building on Nicholas Street.

Calling this a great move, Mike Jones, Council Leader, said that both the city and the University are actually benefiting from this sale and that both require each other for their welfare. In addition, Jones feels that this shift of the council to the HQ building will greatly impact its operations and will help it grow in the near future. He further added that though the council building is very big and well located, it does not have all the amenities required to run a council successfully, which are present in the office space of the HQ building.

The sale value of this deal will definitely help the council make profits and function to the best of its abilities, but apart from that, it will also benefit from the reduced costs of maintenance from a shared office. These reduced costs will translate into lowering the financial burden on the taxpayers in the County. The council estimates this decrease in costs to £4 million over a period of five years.

The sale has been approved under the conditions that the castle square park will be valued and sold separately, as a separate transaction. The Cheshire East Council also feels that the car park should be valued separately.