Council buys main shopping centre as part of regeneration strategy
St Helens Council has gone shopping in the town, spending £26.6m on its main shopping centre.
It had previously tried to buy the centre in 2013, but was outbid by an investment management company acting on behalf of the Mars Pension Fund.
Four years later it has been successful as it joins an increasing trend of local authorities taking ownership of large-scale developments.
St Helens Council leader Barrie Grunewald said: "We are committed to investing in our borough, in a prudent way, to both increase our income streams a... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...