West Lancashire Borough Council acquires Wheatsheaf Walk for £2.88m
West Lancashire Borough Council has completed the acquisition of Wheatsheaf Walk in Ormskirk in a deal worth £2.88m.
The 15 retail units include a Wetherspoons’ pub and a Greenhalgh’s bakery, providing a mix of retail and leisure accommodation arranged on ground and one upper floor.The purchase of Wheatsheaf Walk is in line with the council's plan to retain and grow jobs and encourage business in what is the authority’s largest ever investment in retail property.
The council already manages retail premises elsewhere in the borough and now aims to bring new businesses to the town.Coun Ian Moran, leader of West Lancashire Borough Council, said: “West Lancashire Borough Council is an aspirational authority and this major investment shows our commitment to delivering the strategy to bring an even more vibrant future for Ormskirk Town Centre.
“This purchase really puts the council in the driving seat to positively influence the future development of Ormskirk Town Centre and will provide a financial return for the council and the residents of West Lancashire.“We will continue to work with all our partners to further boost Ormskirk’s appeal as a visitor destination. “The council is also very much committed to investing in other town centres in the borough to make the whole of West Lancashire an even better place to live, work and enjoy leisure time.”