Social real estate investor selected as buyer for long-stalled brownfield regeneration site
Somerset Council has agreed to sell the 12-acre Saxonvale brownfield site in Frome to specialist real estate investment manager Newcore Capital.
The council’s executive previously agreed to sell the high-profile former industrial site in the heart of the town on the open market after earlier attempts to regenerate it were unsuccessful.
It approved the unconditional sale to London-based Newcore, a specialist investor in social infrastructure real estate in the UK, on Wednesday after considering eight bids.
Newcore Capital, w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
