Lincolnshire

Developer buys Lincoln shopping centre for £25m

A London-based developer has bought a Lincoln shopping centre for £25m and is planning a £5m refurbishment.

Capital & Regional has bought the Waterside Shopping Centre in Lincoln off the city's High Street.

Matt Corrigan, from the Lincoln Business Improvement Group, said he hopes the revamp will bring longer opening hours.

The firm is planning to operate the shopping centre as a joint venture with Luxembourg-based Karoo Investment Fund.

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