Northamptonshire's troubled county council has agreed to sell its new headquarters - and then lease it back - in a deal worth 64 million pounds.
Bosses say the sale to Canada Life Investments, advised by PwC, will help fund the transformation of its services.
It comes with the authority in financial crisis and the Government set to send in commissioners to run it.
The sale and leaseback agreement would be for 35 years.
Canada Life Investments say it is a "good example of private and public sectors working together in mutual benefit.”