Cornerhouse casino has new owners
St James’s Place UK has acquired the entertainment and gaming complex.
UK.- The Cornerhouse entertainment and gaming complex has been acquired by Orchard Street Investment Management (‘Orchard Street’) on behalf of St James’s Place UK, a renowned wealth management business, for £65 million. The British complex is located in Nottingham and has been operated by Land Securities.
Barney Rowe, partner at Orchard Street, said: “The Cornerhouse is a strong leisure asset with an impressive line-up of tenants, located in a city centre that is underpinned by strong demographic trends including urbanisation and a flourishing university population. We are very pleased to increase our exposure to this ever more popular subsector where we are confident we can extract value over the long-term.”
New operators of the complex, the specialist commercial property investment manager Orchad Street, will offer the upcoming experiences in the 201,000 sq ft Cornerhouse. The gaming centre is anchored by a 14-screen Cineworld and provides eleven restaurants, two bars, a nightclub and a casino.
