£280m Arch portfolio review given ex-leader's full backing

摘要

A Northumberland CC councillor who helped launch the council's development company, Arch, has backed the authority's decision to review its work. All property sales and purchases have stopped while the council undertakes a review of the organisation, which was created in 2012 as the authority's investment arm. Arch has a £280m portfolio and manages and develops property to support economic and social development across the county, according to the company's website.