Cotgrave Shopping Centre has been purchased by Rushcliffe Borough Council17 July 2012
Chartered surveyor Heb has completed valuation and acquisition advice for the purchase of the Cotgrave Shopping Centre.
The sale of the Candlebury Lane-based centre, bought by Rushcliffe Borough Council from East Park Investments (Leicester), is a key part of the multimillion regeneration of the town which will promote future growth, create new jobs, homes, shops and modernised public services, Heb said.
It is planned to redevelop the shopping centre site as part of a wider regeneration project.
This involves building up to 470 new homes on the former colliery site. The precinct would be linked to this development by a walkway.
Plans for Cotgrave aim to bring more employment and training opportunities to the town.
Rob Maxey from Heb said: "It has been extremely satisfying to see this major deal concluded on behalf of a much-valued client. The new scheme looks set to vastly improve the town centre, and it is always pleasing to be involved in a project where tangible regeneration is the final outcome."
Katherine Marriott from Rushcliffe Borough Council added: "We were very happy with the advice and service provided by Heb in what was a complex acquisition."
Heb has been working with Rushcliffe Borough Council on the shopping centre project over the past two years.
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