Nottingham Debenhams store sold for £26m
Altum Capital has bought the freehold investment of the Debenhams store in Nottingham for £25.85m.
The 196,604 sq ft landmark Old Market Square building is located on Old Market Square in the city.
Jack McCarron of Altum Capital said: “We have acquired this attractive building, occupying a substantial corner site in the heart of the city centre. Nottingham is a vibrant shopping destination and is attracting significant investment over the next few years. This acquisition demonstrates our strategy of acquiring assets with long-term income, as well as benefiting from potential alternative use value. We are considering a number of other similar opportunities across the UK.”
GL Hearn advised Altum Capital. Colliers International represented the vendor.
