Published: 29th Apr 2019

Pentagon shopping centre. Photo credit – Danny Robinson Medway Council has bought the Pentagon shopping centre in Chatham for £34.7m. The council gave the green light for the purchase back in February and they say the purchase will generate an annual income of £1m which can be ploughed back to support council finances and services for local residents. They also say they wanted to play a bigger role in the regeneration of Chatham. Perry Holmes, Chief Legal Officer at Medway Council, said: ‘This is an exciting time for Medway with lots of investment projects underway to help improve the area for our residents. ‘The acquisition of the Pentagon Centre complements the improvement works which have already taken place in Chatham town centre as part of Medway’s monumental 20-year regeneration programme. ‘Medway is an innovative council and we are continuing to demonstrate that we are committed to … (To read the full article, subscribe below)