Ellie Ames 04 October 2023

Council buys £14m shopping centre

Council buys £14m shopping centre image
Image: farehamshopping.com

Fareham Borough Council has spent £14.25m acquiring the town’s high street shopping centre and adjoining properties.

The authority said ownership would enable it to provide ‘stability and reassurance’ to the shopping centre’s tenants and to ‘take a view of the town centre as a whole’.

The purchase is part of the council’s town centre regeneration programme, which includes £16.7m to redevelop an entertainment venue, renamed Fareham Live, and £2.5m replacing a car park.

Shopping centre advisors RivingtonHark have been appointed by the council to advise on strategic direction and improvements.

Fareham BC executive leader Cllr Seán Woodward said: ‘Purchasing the shopping centre presents a unique strategic opportunity for the council to take control of key assets at the heart of the town centre at a time when we are developing a new strategy to transform the current offer and enhance its appeal.

The unprecedented levels of funding we are injecting into this area underline the significance we place on having a vibrant, economically successful town centre and send a clear signal to the market that Fareham town centre remains very much open for business.’

Public engagement and consultation on plans for the town centre will take place over the next six months.

SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner