Laura Sharman 25 November 2019

Council buys town centre in £43m property deal

Council buys town centre in £43m property deal image

Knowsley Council has completed a £43.8m deal to acquire 87 shops and over 12 acres of land from St Modwen.

The deal will enable the council to push forward its regeneration of the town centre, beginning with the construction of 94,000 sq ft of new retail space.

Leader of Knowsley Council, Cllr Graham Morgan, said: ‘We have always been committed to regenerate Kirkby Town Centre and we have shared the frustrations of many of our residents over the years.

‘This is the single biggest property investment which the council has ever made and we hope that it sends a strong message to our communities that we are behind them and will do everything we can to deliver the positive changes they want.’

The investment – which will be paid back using the rental income generated and the eventual sale of some land – will create around 500 new jobs and £650,000 per year in business rates income.

The council is also planning on purchasing the Knowsley Community College site on Cherryfield Drive to open a new facility in the heart of the town centre.

Building beautiful image

Building beautiful

Edward Nash argues the challenge of embracing beauty is an opportunity for communities.
SIGN UP
For your free daily news bulletin
Highways jobs

SEN Caseworker Officer

North Yorkshire County Council
£29,636 - £32,029 per annum pro rata
The ideal candidate will have experience of working with children and young people with SEND or additional needs in children’s services including... Scarborough, North Yorkshire
Recuriter: North Yorkshire County Council

Speech and Language Therapist - Personalised Learning Pathways

North Yorkshire County Council
£32,029 - £34,788 per annum pro rata
This is an exciting opportunity to be part of the PLP programme which supports young people (16-25) to develop and progress through... North Yorkshire
Recuriter: North Yorkshire County Council

Senior Social Workers x3 - FS&P - Basildon

Essex County Council
£39164 - £47404 per annum + + Free Parking & Excellent Package
We are looking for an experienced, motivated and creative social worker to join our team. England, Essex, Basildon
Recuriter: Essex County Council

Deputy Chief Executive & s.151 Officer

Wychavon District Council
package to £90k
This is an exceptional career development opportunity, and the perfect role for a talented public service leader with ambition. Worcestershire
Recuriter: Wychavon District Council

Senior Practitioner - Family Support & Protection

Essex County Council
Up to £237 per day + Umbrella
Managing a defined caseload, the social worker is responsible for working effectively with children, young people and families/carers to achieve positive change and improved outcomes. England, Essex, Basildon
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