£36m deal to unlock regeneration scheme

A SITE in Kirkby, Merseyside, once ear-marked as the new home for Everton Football Club, is set to be bought by developer St Modwen for £35.8m.

St Modwen has exchanged contracts to buy Kirkby Town Centre from supermarket group Tesco, and says its purchase will unlock a "multi-million pound" retail-led regeneration of the town, in partnership with Knowsley Council.

The deal, due to complete in the coming weeks, represents as net inital yield of 9% on the main shopping centre. Kirby Town Centre comprises 400,00... 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...