EDDC HQ move cost neutral? Don’t make Owl laugh!

“… The new headquarters cost the council £8.7m, while an additional £1.5m was spent on upgrading Exmouth Town Hall – where one third of the council staff are to be based.

The Knowle has been sold to developers Pegasus Life for £7.5m, which has been granted planning permission to convert the building into a 113-apartment [top-end luxury] assisted-living community for older people. …”

https://www.bbc.co.uk/news/live/uk-england-devon-47369240

It has been estimated by a local property developer that the new HQ has a market value of no more than £3.5 million.