Back
News

Pendle council buys local shopping centre

Pendle Borough Council has bought the 100,000 sq ft Pendle Rise shopping centre as part of wider plans for its redevelopment of Nelson Town.

The council bought the mall with its development partner Brookhouse and plans to invest £12.5m in knocking down the 1960s-built property and replacing it with a 55,000 sq ft mixed-use scheme, comprising a supermarket and nine other commercial units.

A further £9m of investment from the council’s £25m Town Deal funding will also go into the project.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and data-led analysis

Up next…