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Liverpool Echo

National

Lisa Rand

Council to spend 40 years paying off Strand purchase

Strand Sefton Council Maher Sefton

It will take Sefton Council 40 years to pay off a loan it took out to buy the Strand shopping centre.

The council bought the Strand shopping centre in Bootle in 2019 for £32.5m using money loaned from the Public Works Loan Board, which is run on behalf of the treasury.

In 2021 it was revealed the Strand had lost more than half its value and was worth just £14.2m.

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