Council buys shopping centre

STOCKPORT COUNCIL has exchanged contracts to buy  Merseyway Shopping Centre for an undisclosed sum.

The council, which did not disclose the purchase proce for "commercially sensitive" reasons, said following the purchase it will invest up to £35m over two years in updating and improving the infrastructure and facilities.

The council said it will also use funding from loans to invest in Stockport Exchange and Redrock developments.

Merseyway Shopping Centre has been in receivership for seven years but the council ... 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...

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