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NOTTINGHAM, UK-A new joint venture formed by Stainton, along with a group of investors from Middle East, has purchased Chapel Quarter Nottingham, a mixed-use island development in Nottingham’s CBD for GBP 20 million. The property was sold by the Scottish Life Fund of Royal London Asset Management.

The 145,000-square-foot property comprises offices, a 120-room Holiday Inn Express hotel and six retail units. CBRE and Pardoe Properties advised the joint venture, while Allsops advised the seller in the deal. For the full story, go to Europe Real Estate .

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