Shopping centre acquisitions in the bag for Wirral Council
Wirral Council has purchased two shopping centres in Birkenhead as part of its regeneration plans for the area.
Wirral Council bought the freehold for Birkenhead shopping centres – The Pyramids and The Grange.
The centres sit on a freehold 12.9 acre site in the heart of Birkenhead Town Centre with tenants including high street retailers Boots, Next and River Island.
Wirral Council said it views the acquisition as an important part of its regeneration plans for the town. The Birkenhead 2040 Framework sets out the Council’s framework for a 20-year redevelopment project. The proposals, which aim to reconnect the revitalised town centre with opportunities along the Mersey Waterfront, include the creation of family-friendly neighbourhoods with green public spaces and parks.
Chair of Wirral Council’s committee for economy, regeneration and housing, Cllr Tony Jones, said: “Purchase of the Grange and Pyramids shopping centre sites in the town centre was a significant investment for the local authority at a key point as we press ahead with our ambitious regeneration plans.
“The town centre is a crucial component of our broader plans for Birkenhead and the Left Bank of the Wirral which stretches from Bromborough through Wirral Waters and Seacombe, Liscard and on to New Brighton, an amazing place to live, work and visit.”
A team of six lawyers from Bevan Brittan worked on the deal. David Hobbs was supported by commercial property experts Megan Asquith and Isabella Yaxley, and Bethan Lloyd provided advice on procurement and subsidy control.
Bevan Brittan’s experts in intellectual property, construction, commercial and employment law completed the team.