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Walsall Council buys Saddlers shopping centre

Walsall Council has bought The Saddlers shopping centre from Topland for £12.5m, becoming the latest local authority to take control of assets within its town centre in order to boost income.
By Kasmira Jefford
August 15, 2017 | 5:36 P.M.

The purchase, which reflected a 9.3% net initial yield. comes after Walsall Council held an extraordinary general meeting earlier this month and agreed to change its capital programme in order to buy the ground leashold interest in the 200,000 sq ft centre. 

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