Wokingham Borough Council has acquired the lease on a supermarket as part of a £100m property investment plan.
The council finalised a £14.8m deal on the Waitrose site, which has a 20-year lease with 2% fixed annual increases. The revenue will be ploughed back into council services.
A spokesman said: “With ever increasing pressure on our budget it’s critical that Wokingham Borough Council looks for opportunities to become more commercially minded.”
