Winsford Cross Shopping Centre has changed hands in a deal that paves the way for a more comprehensive redevelopment of Winsford town centre.
Cheshire West and Chester Council has purchased the shopping centre from Winsford Cross Developments.
The local authority hailed the acquisition as "a key step in the council's aspirational plans to develop a vibrant and prosperous Winsford that residents and businesses can be proud of".
Brian Clarke, Cheshire West and Chester Council cabinet member for economic development and infrastructure, said: "This is fantastic news for Winsford. The council owns several sites within the town centre, however the one missing piece of the jigsaw was the shopping centre.
"Winsford is a town on the up and by purchasing the shopping centre and the land around it we are unlocking the opportunity for a more comprehensive development of the town centre – one that matches our aspirations for the whole of Winsford."
The council plans to immediately set to work on the town centre, carrying out maintenance and repairs and making some minor alterations intended to improve the overall look and feel of the centre.
Michael Brown, company director of Winsford Cross Developments, said: "We are pleased that after a challenging negotiation we have been able to agree the sale of the asset to the council. We believe that the council is now well placed to take forward a more comprehensive redevelopment of the town centre and unlock the undoubted potential that exists within the town.
"On behalf of Winsford Cross Developments I would like to take this opportunity to thank the people of Winsford as well as the staff and tenants of Winsford Cross shopping centre for their support over the past 12 years."
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