Council completes purchase of shopping centrespublished at 13:59 Greenwich Mean Time 24 January 2018
Andy Giddings
BBC News
Shropshire Council has completed the purchase of Shrewsbury’s three main shopping centres for about £51m.
The authority said it wanted to have greater control over the town centre and that buying them will "support economic growth and regeneration" as well as generating £2.7m by the time of next year's budget.
The council said it would bring in a specialist property management company to run the centres.
And it confirmed the purchase had been made via an offshore trust in Jersey.
Quote MessageThis is a once in a lifetime opportunity to enhance and improve the town centre and change Shrewsbury for the better
Councillor Steve Charmley, Shropshire Council deputy leader