Published: 15th Jun 2018

Bolton Council has bought the Crompton Place shopping centre for £14.8m to help kickstart its town centre regeneration masterplan. The council has taken over ownership from current owners Santander pension fund after the Cabinet approved the purchase last month. The purchase has been funded from the council’s £100m town centre fund, which is financed through a low-interest loan, which is repaid using dividends from Manchester Airport and the Yorkshire Purchasing Company. The property management company JLL will continue to run the centre, which contains 46 retail units; kiosks; office accommodation, and a 285-space car park covering more than 280,000 sq ft. The leader of Bolton Council, Cllr Linda Thomas, said the purchase of Crompton Place is ‘fundamental to support the regeneration and transformation of our town centre’. ‘It is at the heart of our town’s civic and retail core and this deal means we now have control of a major … (To read the full article, subscribe below)