Durham shopping centre cinema plan after £12m takeover

image source, Google
image captionClearbell Capital LLP said it hopes to enhance the shopping centre

A Durham shopping centre which had been in administration has been bought for £11.85m by a London-based company.

The Gates Shopping Centre in Durham city, which includes retail units, residential properties and parking, has been bought by Clearbell Capital LLP.

The new owners hope to build a cinema, new restaurants and student accommodation at the site, as well as managing the existing complex.

The company said it hoped it would "improve the offering" to the area.

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