Six strategic sites and buildings could be acquired by Wirral Council to enable its joint venture Wirral Growth Company to “hit the ground running”.
The local authority has revealed it is close to concluding deals on two Birkenhead sites and is currently in negotiations over a further four.
Through the acquisitions, the first two of which total 200,000 sq ft, Wirral Council aims to unlock covenants and leases that are believed to be holding back redevelopment and provide new revenue streams to support local services where buildings are profitably occupied.
Eric Robinson (pictured), chief executive of Wirral Council, revealed the plans yesterday (18 October) during the two-day MIPIM UK conference and exhibition in London.
During the event at Olympia in the capital, Robinson said: “Wirral Council has very ambitious plans for the borough and Birkenhead town centre in particular.
“The council has agreed the terms for two major land and property deals which are expected to be completed within the next few weeks. We are demonstrating we’re prepared to act decisively to bring our regeneration masterplan to life and exploit the market’s appetite for investing in Wirral.
“We are investing significant assets into Wirral Growth Company so it can hit the ground running with projects that provide jobs, regeneration and training opportunities for our residents.”
Wirral Council is creating the joint venture company with the private sector and is said to currently be in “detailed discussions with a number of consortia”.