Friday, August 7, 2020

Council handed back control of Broadmarsh shopping centre site

Control of the Broadmarsh shopping centre redevelopment site has been handed back to Nottingham City Council.

The news follows the partnership redeveloping the shopping centre being wound up and intu entering administration.

Petitions were also presented against related companies and these have also entered compulsory liquidation.

The entities involved include The Broadmarsh Retail Limited Partnership, Broadmarsh Retail General Partner Limited, Intu Nottingham Investments Limited, Broadmarsh Retail (Nominee No 3) Limited and Broadmarsh Retail (Nominee No 4) Limited.

These entities do not have any employees or customers.

The Official Receiver was appointed as liquidator.

The Official Receiver said in a statement: “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 Official Receiver continues to manage the liquidation of the companies wound up by the High Court.”

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