MEMBERS of Warrington Borough Council’s cabinet have agreed to purchase a strategically sited town centre property on a key transport route for an undisclosed sum.
The property is said to currently be in robust commercial use.
If this situation was to change, ownership would enable the council to shape and directly influence how the high profile site was used or developed in the future.
Cabinet members approved the acquisition after studying a report by Cllr Cathy Mitchell (pictured), deputy leader of the council and cabinet member for corporate resources.
Details of the price and location were considered in private.
But councillors were told the site provided a significant strategic opportunity for the council for its economic regeneration and climate change ambitions.
The council has been purchasing investment properties for some 10 years with the object of bringing key sites into council ownership and provide future regeneration and investment opportunities – although the policy has not been without its critics.
But Town Hall chiefs believe there is still scope for further acquisitions. Due diligence reports and advice from external consultants indicate acquisition of the property is prudent.