Council's Capital Programme
Southwark Council is supporting its Capital Programme by approving the sale of a vacant property to generate capital receipts.
Southwark Council's Cabinet approved the sale of a vacant former office building on Westminster Bridge Road in February 2026. The capital receipt from this sale is intended to support the Council's Capital Programme, which is its programme of capital investment projects, and to alleviate revenue pressures from holding costs for the property. The building had been vacant since 2012.
The sale of the Westminster Bridge Road property, which was in poor condition and required substantial investment, was considered the most effective method to secure the best value for the council. This decision aims to provide financial support for the Capital Programme and manage existing property-related costs.
Key facts
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.