Ravenseft, Land Securities’ retail subsidiary, has acquired new 125-year leases on 32 retail units totalling 6,039 sq m (65,000 sq ft) in Plymouth city centre from Plymouth City Council for £1.6m. The deal means Ravenseft will now pay a “peppercorn” rent to the council for its properties.
The units are situated on Cornwall Street, Armada Way and New George Street. Both parties represented themselves.
EGi News 16/10/96
