Birmingham & Black Country

Wolverhampton's Mander shopping centre 'under offer'

The Mander Centre was put on the market earlier this year for £50m. Image copyright Google Maps
Image caption The Mander Centre was put on the market earlier this year for £50m.

A deal has been struck for the sale of the Mander shopping centre in Wolverhampton, the BBC understands.

The precinct, which is currently in the middle of a £30m revamp, was put on the market earlier this year for £50m.

The buyer's identity and the exact sale price have not been revealed but city council deputy leader Peter Bilson said a "very credible property development company" was behind the deal.

Current owners Delancey confirmed the centre was "under offer".

"[The buyers] have experience of shopping centre acquisition and development elsewhere in Europe," said Mr Bilson.

"They are keen to close the deal and look forward to making an announcement."

A Delancey spokeswoman said: "It has not been sold but we can confirm that the Mander Centre is under offer. We are unable to comment further at this stage."

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