Council takes back control of Broadmarsh site
Control of the Broadmarsh shopping centre site in Nottingham has been transferred to the city council following a decision by the Official Receiver.
The move follows the partnership in charged with redeveloping the intu Broadmarsh shopping centre in Nottingham being wound up after intu fell into administration at the end of June.
The partners, which include The Broadmarsh Retail Limited Partnership, Broadmarsh Retail General Partner Limited, Intu Nottingham Investments, Broadmarsh Retail (Nominee No.3) and Broadmarsh Retail (Nominee No.4), have also entered compulsory liquidation.
The entities wound up do not have any employees or customers.
A statement on behalf of the Official Receiver, said: “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.”
Last month, Nottingham City Council said it has already spent £17m on the failed redevelopment of the Broadmarsh shopping centre.
Many local property figures are now calling for the site to be turned into something completely new.
Posting on LinkedIn, Steve Rayner, partner at Rayner Davies Architects, said: “Now we can start to think of this site as a huge opportunity rather than a problem. [Such as a] RIBA-sponsored international design competition for a green-led mixed-use scheme.”