CATFORD: Lewisham Council buys Catford Shopping Centre for £11.52m
11:15am Monday 8th February 2010 in
Lewisham Council has finalised the purchase of Catford Shopping Centre for £11.52m.
Regeneration company St Modwen, which has owned the shopping centre since 1993, has agreed to sell it to the council, which will run the centre through a wholly-owned company called the Catford Regeneration Partnership Limited.
Council chiefs claim buying the centre will improve regeneration of the area.
Deputy Mayor of Lewisham Councillor Heidi Alexander said: “The council's vision for Catford is as a lively, attractive town centre.
“Buying these land interests in the Catford centre is a once in a lifetime opportunity that puts the council in a much, much stronger position to shape the future of Catford.”
St Modwen senior development manager Killian Morris said: “Shopping centres across the country have suffered in the downturn, but Catford is one of the few that can claim 100 per cent occupancy.”
Comments(4)
deptfordborn&bred
says...
8:15am Tue 9 Feb 10
the money should be put into improving the housing in the area as the council would rather see a pregnant women on the streets then house them as a member of the housig list for the last 6 years i think it is absolutley disgusting the way the council treat people. it is discriminating and disgusting .
Jeff Stelling
says...
3:17pm Tue 9 Feb 10
deptfordborn&bred
says...
10:37am Thu 11 Feb 10
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The shopping centre has been bought by Lewisham Council
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Creaky says...
1:19pm Mon 8 Feb 10
.
(Don't make me laugh)