North Somerset and L&G buy Sovereign centre

Legal & General and North Somerset Council have jointly purchased the Sovereign shopping centre in the centre of Weston-Super-Mare. 

On completion, the shopping centre will be fully let to North Somerset Council, enabling the council to retain over 60% of the shopping centre’s income with no borrowing or expenditure of its own. 

It is expected this will generate a long-term revenue stream for the council, allow for further local investment and enable North Somerset to curate...

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