NOTTINGHAM, UK-Land Securities has reached contracts to buy The Cornerhouse in the City of Nottingham in an off-market deal. The company is buying the 225,000-square-foot property from BP Pension Fund for GBP 50 million.
The Cornerhouse is anchored by a Cineworld. Besides the 14-screen multiplex, the leisure scheme also includes 2 bars, 11 restaurants, a casino and a nightclub. Land Securities was advised by Jones Lang LaSalle and BP Pension Fund was advised by AHBN in the deal. For the full story, go to PropertyMall .
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