Wiltshire Council completes £3.5 million deal on town centre car park

Summarised from 2 outlets · Updated 21 Oct, 14:38 · Archive

Wiltshire Council has agreed to transfer St Stephen's Multi-Storey Car Park in Trowbridge to Patet Ltd for £3.5 million.

Wiltshire Council has agreed to transfer St Stephen's Multi-Storey Car Park to Patet Ltd, the owner of the neighbouring Castle Place Shopping Centre, in a £3.5 million deal that ends a long-running debate over the car park's future. The 53-year-old facility will remain open for now and formally change hands after the council's new leisure centre and car park have opened, with the date to be confirmed.

The council's cabinet voted unanimously in July to pay Patet Ltd to take the car park off its hands. Council leader Ian Thorn and Trowbridge Central councillor Stewart Palmen confirmed the £3.5 million figure during debate. A previous £2.5 million deal struck by the Liberal Democrat administration was voted down at a Full Council meeting in January.

The agreement potentially clears the way for major redevelopment of this part of Trowbridge town centre. Wiltshire Council has built safeguards into the deal requiring Patet Ltd to meet milestones within specified timescales for demolition and securing planning permission for a comprehensive redevelopment.

How it is being reported

• Future of town centre car park sealed as major £3.5 million deal completedA long-running battle over the future of a popular Wiltshire car park has ended.Wiltshire Times · 21 Oct, 13:11
• Future of town centre car park sealed as major £3.5 million deal completedA long-running battle over the future of a popular Wiltshire car park has ended.Gazette & Herald · 21 Oct, 13:11

In this story: Wiltshire Council · Patet Ltd · St Stephen's Multi-Storey Car Park · Trowbridge · Castle Place Shopping Centre · Ian Thorn · Stewart Palmen

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