Sunderland Government building bolsters EHDC property portfolio

Wednesday, 3 April, 2019

East Hampshire District Council has added to its property portfolio with a premises offering a ‘rock solid income’.

Wear View House has been used by the Government, most recently the Department for Communities and Local Government, for more than 20 years.

The £8.9m building is home to more than 500 staff and serves as a key regional call centre handling unemployment claims and jobseekers.

Simon Jenkins, EHDC Director of Regeneration and Place, said: “Our property team examines the market looking for the best investments.

“This property has a tenant with a long-term commitment to the site, provides an attractive return and offers us a rock solid income.

“Councils have had to find new ways to generate their own income and our strategy to build a balanced and diverse property portfolio has helped us maintain our excellent public services and put £1.5m towards community and welfare projects.”

The council’s portfolio now stands at just over £110m.