Published: 26th Nov 2019

Knowsley Council has confirmed that it has reached a £43.8m deal to buy Kirkby town centre to help kick-start its regeneration plans. As previously reported by New Start, the local authority started negotiations with current owners St. Modwen in May with a view to purchasing the company’s assets in the town centre. The local authority has now reached a deal with St. Modwen and 87 shops and 12.4 acres of land will now formally transfer to Knowsley Council. The deal will allow Knowsley Council to push forward with plans for the regeneration of the town centre which will begin with the construction of 94,000 square foot of new retail space, including a new supermarket, petrol station, and improved car parking. The council said this will be the first time that the council has owned Kirkby town centre and is a ‘significant step forward after 20 years of failed attempts’ from … (To read the full article, subscribe below)