Capital Shopping Centres (CSC) has reassured its investors that it remains committed to the redevelopment of a Nottingham shopping centre after a website claimed otherwise.
Estates Gazette had said that CSC is shelving its plans for development of its Victoria Centre in of Nottingham city centre. However, the retail-focused real estate investment trust released a statement on Friday afternoon saying that these claims were "completely false".
"As previously stated by CSC, the group continues to work with Nottingham City Council to determine the best way forward for the city and CSC's retail assets," the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
CSC also owns Nottingham's other main shopping centre, the Broadmarsh centre, located less than a mile away from Victoria.
"CSC considers that Nottingham represents one of the best city centre retail and leisure redevelopment opportunities in the UK."
By 15:26, shares were up 0.29% at 344.3p.
BC
