Shopping centre purchase - paid too much?

Response to this request is long overdue. By law, under all circumstances, St Helens Metropolitan Borough Council should have responded by now (details). You can complain by requesting an internal review.

Dear St Helens Metropolitan Borough Council,

I keep reading in the local paper about St. Helens Council has paid £26 million for the Town Center shopping precinct as if it's going to solve the Towns problems.

1. How was this price calculated?
2. How the price was is ratified?
3. What income does this 'investment' generate?
4. What plans do the council have for improving these figures?

In my humble opinion, you paid too much especially when the whole shopping centre is Prescot was purchased for around £500k a few years ago, by a private company. Maybe, you should have asked them to negotiate for you?

Yours faithfully,

Paul A Walton

Contact Centre, St Helens Metropolitan Borough Council

Dear Mr Walton

Thank you for your recent request for information, which will be treated
as a request under the Freedom of Information Act 2000/Environmental
Information Regulations 2004 (EIR).

Your enquiry has been given a reference number 20190530-00213-1. Please
quote this reference in any future correspondence with us concerning this
matter.

If the information you are requesting falls under EIR (see [1]here for
more details) then a charge may be applicable in line with [2]guidance
from the Information Commissioner's Office. Once your request has been
reviewed you will be informed of an appropriate charge that may be
applied.

In accordance with the Act, a response will be sent to you within 20
working days from the date following the receipt of the request or receipt
of an applicable payment.

Kind regards,
St. Helens Council
01744 676789

------------------------ Original Email -------------- Received On:
29/05/2019 18:50:50 GDT
Subject:Freedom of Information request - Shopping centre purchase - paid
too much?

Dear St Helens Metropolitan Borough Council, I keep reading in the local
paper about St. Helens Council has paid B#26 million for the Town Center
shopping precinct as if it's going to solve the Towns problems. 1. How was
this price calculated? 2. How the price was is ratified? 3. What income
does this 'investment' generate? 4. What plans do the council have for
improving these figures? In my humble opinion, you paid too much
especially when the whole shopping centre is Prescot was purchased for
around B#500k a few years ago, by a private company. Maybe, you should
have asked them to negotiate for you? Yours faithfully, Paul A Walton
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St.Helens Council, St Helens Metropolitan Borough Council

Dear Mr Walton,

 

I refer to your recent email relating to Church Square Shopping Centre and
you Freedom of Information request.

 

In response to your specific questions I am now able to respond as
follows:-

 

1. The price was based upon the income generated from the Centre
and applying an appropriate investment yield.

 

2. The Council were professionally advised in respect of the purchase and
the decision to purchase was ratified by the Councils Cabinet.

 

3. The income generated from the Shopping Centre is £2.3 million.

 

4. The Council is working with its appointed professional team to increase
the number of tenants within the scheme and attract new businesses whilst
seeking to retain existing retailers.

 

Regards

 

Steve Littler

Senior Assistant Director - Place, Growth & Regulatory Services

If you disagree with our decision or are otherwise unhappy with how we
have dealt with your request, in the first instance please write to St
Helens Council, Internal Audit, Town Hall, Victoria Square, St Helens,
Merseyside WA10 1HP.
Should you remain dissatisfied with the outcome, you have the right under
Section 50 of the Freedom of Information Act to appeal against the
decision by contacting the Information Commissioner, Wycliffe House, Water
Lane, Wilmslow, SK9 5AF.

"This e-mail and any file transmitted with it are confidential, subject to
copyright and intended solely for the use of the individual or entity to
whom they are addressed. It may contain privileged information. Any
unauthorised review, use, disclosure, distribution or publication is
prohibited. If you have received this e-mail in error please contact the
sender by reply e-mail and destroy and delete the message and all copies
from your computer. "

Dear St.Helens Council,

Many thanks, Mr Littler for your response.

One more question if you could oblige.

Out of the £2.3m income generated, what is the profit?

do you have a set of accounts, just for the market?

Yours sincerely,

Paul A Walton

Contact Centre, St Helens Metropolitan Borough Council

Dear Mr Walton

Thank you for your recent request for information, which will be treated
as a request under the Freedom of Information Act 2000/Environmental
Information Regulations 2004 (EIR).

Your enquiry has been given a reference number 20190614-00255-1. Please
quote this reference in any future correspondence with us concerning this
matter.

If the information you are requesting falls under EIR (see [1]here for
more details) then a charge may be applicable in line with [2]guidance
from the Information Commissioner's Office. Once your request has been
reviewed you will be informed of an appropriate charge that may be
applied.

In accordance with the Act, a response will be sent to you within 20
working days from the date following the receipt of the request or receipt
of an applicable payment.

Kind regards,
St. Helens Council
01744 676789

------------------------ Original Email -------------- Received On:
12/06/2019 14:32:04 GDT
Subject:Re: St.Helens Council Freedom Of Information Request ref:
20190530-00213-1

Dear St.Helens Council, Many thanks, Mr Littler for your response. One
more question if you could oblige. Out of the B#2.3m income generated,
what is the profit? do you have a set of accounts, just for the market?
Yours sincerely, Paul A Walton -----Original Message----- Dear Mr Walton,
I refer to your recent email relating to Church Square Shopping Centre and
you Freedom of Information request. In response to your specific questions
I am now able to respond as follows:- 1. The price was based upon the
income generated from the Centre andB applying anB appropriate investment
yield. 2. The Council were professionally advised in respect of the
purchase and the decision to purchase was ratified by the Councils
Cabinet. 3. The income generated from the Shopping Centre is B#2.3
million. 4. The Council is working with its appointed professional team to
increase the number of tenants within the scheme and attract new
businesses whilst seeking to retain existing retailers. Regards Steve
Littler Senior Assistant Director - Place, Growth & Regulatory Services If
you disagree with our decision or are otherwise unhappy with how we have
dealt with your request, in the first instance please write to St Helens
Council, Internal Audit, Town Hall, Victoria Square, St Helens, Merseyside
WA10 1HP. Should you remain dissatisfied with the outcome, you have the
right under Section 50 of the Freedom of Information Act to appeal against
the decision by contacting the Information Commissioner, Wycliffe House,
Water Lane, Wilmslow, SK9 5AF. "This e-mail and any file transmitted with
it are confidential, subject to copyright and intended solely for the use
of the individual or entity to whom they are addressed. It may contain
privileged information. Any unauthorised review, use, disclosure,
distribution or publication is prohibited. If you have received this
e-mail in error please contact the sender by reply e-mail and destroy and
delete the message and all copies from your computer. "
------------------------------------------------------------------- Please
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note that in some cases publication of requests and responses will be
delayed. If you find this service useful as an FOI officer, please ask
your web manager to link to us from your organisation's FOI page.

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St.Helens Council, St Helens Metropolitan Borough Council

Dear Mr Walton,

 

I refer to your further Freedom of Information request relating to Church
Square Shopping Centre.

 

I cam confirm that the profit generated is £508,000.

 

I can also confirm that the Market is managed on a seperate account as
this was operating prior to the purchase.

 

Regards

 

Steve Littler

Senior Assistant Director - Place, Growth & Regulatory Services

If you disagree with our decision or are otherwise unhappy with how we
have dealt with your request, in the first instance please write to St
Helens Council, Internal Audit, Town Hall, Victoria Square, St Helens,
Merseyside WA10 1HP.
Should you remain dissatisfied with the outcome, you have the right under
Section 50 of the Freedom of Information Act to appeal against the
decision by contacting the Information Commissioner, Wycliffe House, Water
Lane, Wilmslow, SK9 5AF.

"This e-mail and any file transmitted with it are confidential, subject to
copyright and intended solely for the use of the individual or entity to
whom they are addressed. It may contain privileged information. Any
unauthorised review, use, disclosure, distribution or publication is
prohibited. If you have received this e-mail in error please contact the
sender by reply e-mail and destroy and delete the message and all copies
from your computer. "

Dear St.Helens Council,

Many thanks for your reply Steve, Is that gross profit? What the net profit and what name does the market trade under?
I would like to see the accounts.
Yours sincerely,

Paul A Walton

Contact Centre, St Helens Metropolitan Borough Council

Dear Mr Walton

Thank you for your recent request for information, which will be treated
as a request under the Freedom of Information Act 2000/Environmental
Information Regulations 2004 (EIR).

Your enquiry has been given a reference number 20190629-00018-1. Please
quote this reference in any future correspondence with us concerning this
matter.

If the information you are requesting falls under EIR (see [1]here for
more details) then a charge may be applicable in line with [2]guidance
from the Information Commissioner's Office. Once your request has been
reviewed you will be informed of an appropriate charge that may be
applied.

In accordance with the Act, a response will be sent to you within 20
working days from the date following the receipt of the request or receipt
of an applicable payment.

Kind regards,
St. Helens Council
01744 676789

------------------------ Original Email -------------- Received On:
24/06/2019 23:01:38 GDT
Subject:Re: St.Helens Council Freedom Of Information Request ref:
20190614-00255-1

Dear St.Helens Council, Many thanks for your reply Steve, Is that gross
profit? What the net profit and what name does the market trade under? I
would like to see the accounts. Yours sincerely, Paul A Walton
-----Original Message----- Dear Mr Walton, I refer to your further Freedom
of Information request relating to Church Square Shopping Centre. I cam
confirm that the profit generated is B#508,000. I can also confirm that
the Market isB managed on a seperate account as this was operating prior
to the purchase. Regards Steve Littler Senior Assistant Director - Place,
Growth & Regulatory Services If you disagree with our decision or are
otherwise unhappy with how we have dealt with your request, in the first
instance please write to St Helens Council, Internal Audit, Town Hall,
Victoria Square, St Helens, Merseyside WA10 1HP. Should you remain
dissatisfied with the outcome, you have the right under Section 50 of the
Freedom of Information Act to appeal against the decision by contacting
the Information Commissioner, Wycliffe House, Water Lane, Wilmslow, SK9
5AF. "This e-mail and any file transmitted with it are confidential,
subject to copyright and intended solely for the use of the individual or
entity to whom they are addressed. It may contain privileged information.
Any unauthorised review, use, disclosure, distribution or publication is
prohibited. If you have received this e-mail in error please contact the
sender by reply e-mail and destroy and delete the message and all copies
from your computer. "
------------------------------------------------------------------- Please
use this email address for all replies to this request:
[FOI #579528 email] Disclaimer: This message and
any reply that you make will be published on the internet. Our privacy and
copyright policies: https://www.whatdotheyknow.com/help/offi... For more
detailed guidance on safely disclosing information, read the latest advice
from the ICO:
https://www.whatdotheyknow.com/help/ico-... Please
note that in some cases publication of requests and responses will be
delayed. If you find this service useful as an FOI officer, please ask
your web manager to link to us from your organisation's FOI page.

show quoted sections