Laura Sharman 24 May 2018

Council to buy Liverpool Central Shopping Centre

Council to buy Liverpool Central Shopping Centre image

Liverpool City Council is set to buy Liverpool Central Shopping Centre in a bid to earn £4.3m over the first five years.

The purchase - which will generate a profit for the council over the loan repayment period - is part of wider plans to redevelop the nearby Knowledge Quarter Gateway zone.

If approved by cabinet, the council would acquire the centre's 114 year lease, and then simultaneously enter into a 20 year underlease with Liverpool CSC Ltd.

Mayor of Liverpool, Joe Anderson, said: 'The purchase of Central Shopping centre is too good an opportunity to pass up. It enables us to acquire a strategic site in a prime city centre location which we have plans to regenerate and the investment makes a profit for the council to reinvest in our services.

'The beauty of this deal also means that plans for Lime Street, Lewis’s Building, Circus Liverpool and Central Shopping Centre are now all inter-connected. This will all help to underpin the development of the Knowledge Quarter Gateway which is the next major piece in a 10 year plan to regenerate the city centre and finally connect the waterfront to our universities.'

SIGN UP
For your free daily news bulletin
Highways jobs

Youth Worker

Camden London Borough Council
£26,437 + £3,253 Inner London Allowance Pro Rata
Are you an experienced and passionate Youth Worker looking to make a real difference to the lives of young people in Camden? Camden, London (Greater)
Recuriter: Camden London Borough Council

Tree Officer

Camden London Borough Council
£34,033
We are looking for an experienced arboricultural professional to join a busy Tree Section working with the most up to... Camden, London (Greater)
Recuriter: Camden London Borough Council

Adults Social Workers - Basildon

Essex County Council
Negotiable
Working to support adults and their families, who have complex social needs and are more vulnerable as a result of disability, exclusion, or diminishe England, Essex, Basildon
Recuriter: Essex County Council

Senior Engineer

Lincolnshire County Council
£35,745 - £39,880
Are you an experienced Engineer looking for a new challenge? Lincolnshire
Recuriter: Lincolnshire County Council

Systems Development Officer

North Yorkshire County Council
£27,741 - £30,451
Are you passionate about technology and systems development? Northallerton, North Yorkshire
Recuriter: North Yorkshire 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