The future of Loxley House remains uncertain after Nottingham City Council confirmed it would review the potential sale of the site
Part of Nottingham City Council's headquarters could be rented out after part of the multi-million pound building was described as "dead space." Two floors of Loxley House have effectively been closed, with the staff that remained on the top two floors now spread out across the bottom three.
Councillor Andrew Rule, an independent councillor on Nottingham City Council, asked at a meeting on Monday : "Now the third and fourth floors of Loxley House have been mothballed, would the confirm what the long-term plan is to ensure that this now dead space does not result in a holding cost for the council?"
The construction of Loxley House began in the early 2000s and Capital One used it as a base until the company put it on the market in 2009. Despite the initial valuation of £60 million, Nottingham City Council ended up buying it for £22.5 million and the authority now says the building is worth £27.3 million as of 2018 figures.
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