700,000 SQ FT TOWN CENTRE KICKS OFF 2023 WITH NEW SIXTH FORM COLLEGE ADDITION12th January 2023
The building had been vacant for over 10 years. The College will invest £20 million in the asset to create a carbon neutral educational facility which will act as a base for 600 students plus staff.
Simon Phipps, Senior Leasing, Development and Asset Manager at Sovereign Centros said: “This deal will breathe new life into a former office building situated in the heart of the town centre. It is a critical component in the future regeneration and diversification of mix within Corby Town Centre that will undoubtedly increase town centre footfall, boost the local economy and provide employment opportunities for many Corby town centre businesses. The project forms an integral part of Corby’s Town Investment Plan that secured £9.5 million of Government grant funding to be used by the College to develop a new education facility.”
Magnetar Capital and Northdale Advisors acquired Corby Town Centre in November 2022 as part of their wider UK Town Centre retail investment strategy. Magnetar and Northdale also acquired One Stop, Perry Barr and Yate town Centre and Riverside Retail Park in 2022.