South East Wales

Talks end over Newport's Friars Walk shopping centre sale

Shoppers in Friars Walk Image copyright Redwood

Talks over a deal to sell Newport's Friars Walk to a Canadian firm for £110m have been called off.

The shopping centre opened in November 2015 after the city's council loaned the developers £90m to build it.

Queensberry Real Estate said the talks related to the centre being bought and not leased.

A spokesman added other parties were interested in buying Friars Walk and trading figures have been hitting projected forecasts.

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