Merthyr Tydfil County Borough Council has purchased the site from German property investment outfit Patrizia, according to a report from Insider Media.
The destination contains more than 50 shops, including national retailers and independent businesses. It also has an upstairs indoor market with more than 30 stalls.
Lawyers from Hugh James Commercial Property were instructed by the council to provide support in relation to the property and employment aspects of the acquisition, led by partners Richard Macphail and Louise Price respectively.
Macphail said: “The purchase of the town’s indoor shopping centre is of strategic importance to Merthyr Tydfil Council and it’s a regeneration project we’re delighted to advise on.
“We’re thrilled to support initiatives that plan for the long term and that build vibrant places for people to live, work and play. This is an exciting step forward for Merthyr and look forward to seeing it take shape.”
Merthyr Council’s cabinet member for regeneration, transformation and commercialisation councillor Geraint Thomas added: “It’s in the heart of the town centre, between the new and old bus station sites, both of which are also owned by the council.
“Having the combined sites offers considerable future potential for redevelopment and is central to regeneration plans for the whole town centre.
“Ownership of the shopping centre significantly enhances potential options to better Merthyr Tydfil and improve the urban fabric of the town centre, across many sectors.”