North Somerset Council announced last month that it was buying the two buildings currently occupied by estate agents Stephen & Co, but said it would be unable to disclose the cost yet. But through the Freedom of Information Act the Mercury has discovered that the purchase will cost the council £430,000. The authority says the move will help with its efforts to regenerate the centre of the town, and provide new jobs through partnerships with private partners. A spokesman for the council said: By buying this site we can work with the private sector to create more high-quality office space, for both public and private sector jobs in the town. Officers are currently in discussions with partner organisations over the detail of development proposals for the site. These plans are commercially sensitive at the moment. The purchase of this important site, and the opportunity it provides to bring even more jobs into the town centre further demonstrates the councils commitment to the town and its economic vitality. Stephen & Co will now consolidate its business at its site in Waterloo Street.