Regeneration company owned and run by North Lanarkshire Council records profit

dailyrecord.co.uk:

A regeneration company owned and run by North Lanarkshire Council has recorded a profit after making a loss last year.Annual accounts show Fusion Assets made a £700,000 profit in 2024, compared to a minor loss in 2023.

It benefited from a profit share following the sake of land in Newhouse as well as reduced development fees.Recent highlights of the company’s activity include the sale of Phase 1 of Gartcosh Industrial Park, which comprised of three industrial units.

The second phase is currently in progress.The Lanarkshire Live app is available to download now. Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android It also let out a building at Link Park, Newhouse to Yunex Traffic, a move which created 72 jobs, and in October the council’s planning committee improved proposals for a major industrial development in Ravenscraig.Future objectives include further construction in Ravenscraig, letting out another unit in Link Park, establishing a new joint venture at Condor Park, Eurocentral and securing funding for a new industrial scheme and continued development at Gartcosh Industrial Park. *Don't miss the latest headlines from around Lanarkshire.

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