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Has the Felixstowe South Seafront land been sold off at below  value?

The BBC has seen a council email which states the land was worth £8m a year later, in 2011. A Tory councillor claims the sale was unlawful.

Councillor Rob McKellar said he believed that the sale contravened the Local Government Act of 1972.

Felixstowe South Seafront Land Sale Value for Money?