It has been reported that Manor Walks shopping centre in Northumberland could grow larger after the acquisition deal for £78 million.
Arch who purchased the 442,802 sq ft shopping centre from London based firm Hammerson, includes a nine-screen cinema complex, three car parks, Sainsbury’s and Asda, three office blocks as well as Northumberland City Council library building.
Dave Ledger, Arch chairman, said there was "potential" to expand the shopping centre under their ownership.
“Cramlington is the largest growing town in Northumberland and Manor Walks Shopping Centre is a vital local amenity for our communities.
“It is the largest shopping centre in the county and plays a key role in the economy of the county.
“There is the potential to expand the shopping centre and to improve the surrounding infrastructure, including roads, access and parking at the centre and enabling further benefits to the local economy.”