(06 Oct 2013, 10:40 am)aureolin wrote Well that's well and truly devalued that statement in your first four words. Chuka Umunna appears to be Labour's "next big thing", but he's about as much use as a chocolate fireguard.

Are they actually selling the land/estates? Surely this makes it difficult for it to be put out for tender again at the end of the PPP? The new land/estates owner would be under no obligation to sell as far as the law of the land goes. It'd make more sense for the land/estates to be leased to whoever wins the tender for the duration of that contract - a tactic that hasn't been uncommon in previous government PPPs.

It's not like we're selling Gold at a rock bottom price mind...

I am guessing some of the land will be freehold.
So if a private buyer or equity firm buys 10 sites and decides to only use 4 of them - the 6 remaining will be sold.

Obviously the private buyer/equity firm could make some serious money by selling that land, especially if the land was chucked in for free.