Places for People, the Preston-based social housing group, has acquired Liebig Court, a residential-led scheme of 38 flats and six shops in Widnes, from St Modwen Properties and Halton council.
The sale for an undisclosed sum completes the joint venture's phased, £35m scheme in the town centre which included a relocated supermarket from Halebank, and created 40 housing units in Lacey Street, shops in Gerrard Street, and offices in Simms Cross.
Richard Bakes, development manager at St Modwen, said: "Liebig Court will help to breathe new life into Widnes town centre with its mix of residential and retail units. The sale to Places for People will ensure that the 38 one- and two-bedroom apartments and the remaining unlet retail units will be made available to a broad sector of the market in accordance with the company's marketing strategy.
"We are very proud of the redevelopment of this area of Widnes which has injected some £35m of investment and created a quality of environment that was previously lacking. The partnership working between St Modwen and Halton Borough was a vital ingredient in bringing such a complex scheme to a successful conclusion."
Philip Helm, director of development for the Places for People, said: "We are committed to widening access to home ownership and helping people to take those first steps onto the property ladder. Our aim is to provide a mix of facilities and services at Liebig Court to help to create a sustainable and prosperous place where people will start to live, work and play."
Savills acted for Widnes Regeneration, the joint venture between St Modwen and Halton.