The council has confirmed in principle more than 拢250m of private sector investment funding to replace the Crompton Place Shopping Centre on Victoria Square with a new retail and leisure development as the first phase of the plan.
The council has secured the involvement of Bolton Regeneration Limited (BRL), a private consortium led by investment and development specialist Midia. BRL has in turn agreed heads of terms with Beijing Construction & Engineering Group International (BCEGI) to join the consortium.
BCEGI is also an equity and construction partner in the 拢1bn Airport City project at Manchester Airport and the preferred contractor for the new 拢1bn Salford mixed-use development, Middlewood Locks.
Bolton Council leader Linda Thomas, described the investment by BRL as a 鈥渉uge opportunity鈥� to transform Bolton town centre. 鈥淚t enables us to move forward with the delivery of our masterplan and will act as a catalyst for other developments across our borough,鈥� she said. 鈥淚 look forward to being able to make further announcements about the investment later in the year.鈥�
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