Council takes control of intu Broadmarsh

Nottingham City Council has been handed the keys to the part-demolished intu Broadmarsh shopping centre, after its development jv with intu was wound up. The partnership overseeing the centre’s redevelopment, called Broadmarsh Retail Limited Partnership, went into liquidation after its partners petitioned to wind it up on 3 July. Government agency The Insolvency Service said that the entities did not have any employees or customers.  The entities also entering compulsory liquidation are The Broadmarsh Retail Limited Partnership, Broadmarsh Retail General Partner Limited, Intu Nottingham Investments, Broadmarsh Retail (Nominee No 3) and Broadmarsh Retail (Nominee No 4). The council, which is the freeholder, has spent £17m on the project so far. The news comes after intu collapsed into administration last month. A statement issued by The Insolvency Service 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.” To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette