Land Securities sells in Nottingham
Published: 23 January, 2017
Orchard Street acquires the Cornerhouse, Nottingham for £65m
OSIM has bought the 201,000-sq ft property – the only purpose-built leisure scheme in Nottingham – on behalf of St James’s Place. The Cornerhouse is anchored by a 14-screen Cineworld as well as providing 11 restaurants, two bars, a nightclub and a casino. Key food and beverage tenants include Nandos, Wagamama and TGI Fridays while nightlife is provided by Revolution, the Slug and Lettuce and Genting Casinos amongst others.
Orchard Street partner Barney Rowe said: “The Cornerhouse is a strong leisure asset with an impressive line-up of tenants, located in a city centre that is underpinned by strong demographic trends including urbanisation and a flourishing university population.”
Orchard Street was advised by Savills and Land Securities by JLL.