Oldham Council leader Jim McMahon’s take on the sale of Royton precinct quoted in the Council’s press release is that the new owners are buying into Oldham Councils developments which is incorrect & ignores the fact it was bought as part of a group of 144 retail properties in a job lot by a company that specialises in buying group portfolios of businesses in receivership. As new owners they will of course strive to improve the precinct & make it profitable regardless of Oldham Council’s plans.
