Published: 7th Jul 2020

The Official Receiver has handed back control of the Broadmarsh shopping centre development site to Nottingham City Council. The move comes after the Broadmarsh Retail Limited Partnership and intu, which was redeveloping the city centre site, went into liquidation. The Official Receiver has issued a notice disclaiming the companies’ interest in the lease to the site. The effect of this notice is to hand control of the site back Nottingham City Council as freeholder ‘The decision to disclaim the lease for the Broadmarsh centre to the Council as owners of the freehold is a hugely significant step for the city,’ said the leader of Nottingham City Council, Cllr David Mellen ‘It means the council now has greater opportunity to start to develop a new, sustainable plan for its future. ‘To see a major redevelopment that had been making good progress stall because of the coronavirus pandemic and intu’s administration was … (To read the full article, subscribe below)