Get in touch on 0845 301 5544
or email at

LandSec finds corner in Notts


Land Securities has exchanged contracts to acquire The Cornerhouse in Nottingham from BP Pension Fund in an off-market transaction for £50m – a 6.6% yield.



The 225,000 sq ft Cornerhouse is the only purpose built leisure scheme in the City of Nottingham and is anchored by a 14 screen Cineworld – the city’s sole multiplex.


Richard Akers, executive director at LandSec, said: “The acquisition gives us a presence in one of the key cities in the UK. Leisure is a vital element of our retail portfolio and will continue to be so as we see consumers demand increasingly sophisticated and dynamic destinations.”


Jones Lang LaSalle advised LandSec; AHBN acted for BP Pension Fund.


EGi publishes more news articles online than any other UK commercial property service.

Find out more about EGi News.