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Spindles Shopping Centre bought by Oldham council for 'millions'

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Oldham’s Spindles Shopping Centre has been bought by the council for ‘millions’ in a move which will see Tommyfield Market relocated and a new town centre park created.The town hall has announced the purchase as part of its £306m ‘Creating a Better Place’ strategy to regenerate the borough, which is being funded from capital expenditure.Due to ‘commercial sensitivity’ reasons, the council would not confirm how much it paid for the shopping centre complex.However council leader Sean Fielding told the Local Democracy Reporting Service it was an ‘absolute bargain’.“It’s a one off purchase today, but in terms of the amount of money it will save the council on an ongoing basis it will run into the tens of millions of pounds, far in excess of.

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