Torbay Council acquires centre in Torquay as part of regen plans
Torbay Council has purchased Fleet Walk Shopping Centre in Torquay as part of plans to regenerate Torbay’s town centres and help boost the local economy.
The Council has purchased the freehold of the 32 prime retail units and car park. The site is home to high street names including TK Maxx, Sports Direct, Wetherspoons and Starbucks.
Steve Darling, leader of Torbay Council, said: “The purchase of Fleet Walk Shopping Centre gives the Council an opportunity to regenerate and improve a major part of Torquay town centre. We are delighted that our decision to create the Economic Growth Fund programme is having such immediate impact. This purchase is not about making money, it’s about regeneration and improving the economy. In addition to this, we will continue to work with partners to develop ambitious plans to transform Torbay and its economic growth prospects.”
TDA have assisted the Council in this purchase. TDA is responsible for economic development in Torbay, delivering projects, supporting businesses and attracting investment.
