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The reason a huge New York business decided to buy a shopping park in Bolton

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For all the latest news from in and around Bolton, sign up for the free MyBolton newsletter This old shopping park on the outskirts of Bolton town centre has become the target for a huge global investor.

Bolton Shopping Park has just been snapped up by Time Equities Inc (TEI), a real estate giant which already owns around 36 million sq ft of property in the US and around the world.

It comes as the massive firm settles into its new partnership with another major company, London-based Greenridge Investment Management.

The shopping park has long been a staple for Bolton residents, offering a massive car park and retailers like Decathlon, Next and Sainsbury's.

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