Thursday 23 June 2022

COUNCIL CABINET APPROVES TAKEOVER BID FOR GRIMSBY TOP TOWN SHOPPING CENTRE

                                                 

The prospect of Freshney Place shopping centre being acquired by North East Lincolnshire Council has moved a step closer. At a meeting this week, the authority's cabinet retrospectively authorised submission of a bid to the receivers after the centre's owners ran into financial difficulties. The size of the bid is not known, nor whether it will be high enough to secure the deal. Assuming it is successful, it would still need to be rubber-stamped by the full council when it meets next month. Whether the council would be any more successful in running the shopping centre than the private sector is another question.


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