FHP retained as managing agents for Flying Horse Walk

Nottingham City Council has taken control of the freehold investment of the Flying Horse Walk shopping arcade in a deal that sees it take over from London and Nottingham County.

FHP has been retained as the managing agent, and it is now responsible for all 18 commercial units in the recently refurbished shopping arcade, which collectively generate a 7.76% net initial yield for the Council to invest into the city.

Rob Spencer of FHP’s management department said: “We are really pleased to be managing such an iconic property within Nottingham’s retail scene. We look forward to working with the unique mix of retailers in the scheme and Nottingham City Council to build on the success of the scheme over the last couple of years.”