Laura Sharman 14 June 2018

Council buys shopping centre for £14.8m

Council buys shopping centre for £14.8m image

Bolton Council has completed the purchase of the Crompton Place shopping centre for £14.8m.

The council said the shopping centre is central to its £1bn town centre regeneration masterplan, and it is currently working to bring forward development proposals at four other sites.

Leader of the council, Cllr Linda Thomas, said: ‘We have carried out extensive due diligence checks before acquiring the centre and these have confirmed that the purchase price reflects current market conditions and represents fair market value.

‘Bolton is following the example of many other local authorities across the country that have also invested in their local shopping centres to deliver regeneration schemes.’

The purchase was made from its £100 town centre fund, which is funded by a low interest loan.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Highways & Transport

City of York Council
£58,568 - £66,923 per annum
This is hugely exciting time to join the Council in this new role as the strategic lead for our Highways and Transport service. York, North Yorkshire
Recuriter: City of York Council

Youth & Community Based Commissioner

Essex County Council
£19308 - £19631 per annum
Youth & Community Based Commissioner Permanent, Part Time £19,308 to £19,631 per annum (FTE) Location
Recuriter: Essex County Council

Social Worker - Family Support & Protection Team

Essex County Council
Up to £207 per day + Umbrella
Family Operations delivers direct provision of services relating to vulnerable children, young people and complex families. These services will be del England, Essex, Harlow
Recuriter: Essex County Council

District Youth and Community Commissioner in Training

Essex County Council
£25313 - £28001 per annum
District Youth and Community Commissioner in Training Permanent, Full Time £25,313 - £28,001 Per Annum Location
Recuriter: Essex County Council

Social Worker - Early Intervention Team

Essex County Council
Up to £207 per day + Umbrella
*** This is a temporary position to start as soon as possible based at Colchester Hospital ***About the RoleWorking to support adults, and their famil England, Essex, Colchester
Recuriter: Essex County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue