BSP Holdings has acquired the former Gala Bingo site on St Ann’s Well Road, Nottingham from Buzz Group Ltd for an undisclosed sum.
Subject to planning permission, the property development and investment company aim to redevelop the site into a new residential/student scheme as part of a number of key projects in the city centre.
Victor Ktori, Head of Office at Savills Nottingham, comments: “Situated within a popular location on the edge of Nottingham city centre, the property provided BSP Holdings with an excellent opportunity to acquire the site which is ripe for redevelopment in an area which is crying out for new housing stock.”
Adam Watson, Investment Director at BSP Holdings, added: “This is an exciting project for BSP Holdings. We have the opportunity to create a landmark development in Nottingham City Centre. This acquisition shows our confidence in the market and represents a multi-million pound investment in the regeneration of Nottingham.”