Oldham Council has announced that it has bought the Spindles Town Square Shopping Centre saying that it will catalyst for delivering Oldham’s Creating a Better Place strategy
The strategy supports economic recovery and embeds regeneration at the heart of the plans.
This includes providing a sustainable future for Tommyfield Market with exciting plans to relocate the market from its current site to a more prominent location as part of the refurbished shopping centre.
The council will liaise closely with indoor and outdoor market traders as the scheme progresses to ensure they can help shape the new venue.
Cllr Sean Fielding, Council Leader and Cabinet Member for Economy and Skills, said:
“The Spindles Town Square Shopping Centre is a landmark of Oldham town centre, and acquiring it is a fantastic opportunity to kickstart transformational change and provide a catalyst for post-COVID recovery.
“Creating a Better Place is about making Oldham an even better place to live, work and do business. The council has bought this building as part of a wider plan to lever in additional external monies to support the delivery of our regeneration plans, new developments and importantly – new homes for our residents.
“Acquiring and investing in the shopping centre unlocks other brownfield development sites in the town centre, to embed and deliver the council’s commitment to develop brownfield sites first and save the green belt. We look forward to breathing new life into the shopping centre, the town centre and the borough as a whole.”
t will be business as usual at Spindles Town Square initially; with the existing property management company continuing to run the centre in the immediate future.
Over the coming months Oldham Council will continue to work with its development and delivery advisors CBRE to progress redevelopment options ahead of a wider public consultation.
