Altum acquires Debenhams, Nottingham

September 5, 2017

Altum Capital has stepped up plans to acquire long income assets by purchasing the freehold investment of the Debenhams store in Nottingham for £25.85 million.

The prominent, landmark building is located on Old Market Square in the city centre between intu Victoria and into Broadmarsh.

The store trades over four floors, with a total area of 196,604 sq ft (18,295 sq m). It is let to Debenhams Retail Plc until 2040, with a current rent of £1,479,983 pa and the benefit of future fixed uplifts.

Jack McCarron of Altum Capital commented: “We have acquired this attractive building, occupying a substantial corner site in the heart of the city centre. Nottingham is a vibrant shopping destination and is attracting significant investment over the next few years. This acquisition demonstrates our strategy of acquiring assets with long-term income, as well as benefiting from potential alternative use value. We are considering a number of other similar opportunities across the UK.”

GL Hearn advised Altum Capital. Colliers International represented the vendor.


Latest News


November 3, 2020 - 09:54

One of the UK’s leading shopping centre operators, Sovereign Centros has taken over the running of intu’s largest asset, the Metrocentre in Gateshead, heralding a new era for the premier North Eas[...]

+ Read More

New Vue set for Glasgow as work begins at St Enoch Centre

November 3, 2020 - 09:49

Work has begun on a new Vue venue in Glasgow which will launch in quarter one of 2021 and bring around 40 new jobs to the city. Vue has signed a 20 year lease to create a nine-screen Big Screen Entert[...]

+ Read More

1000 new homes, 10,000 new jobs and a transformed city centre for Sunderland, plan promises

October 14, 2020 - 08:31

A TRANSFORMATIONAL masterplan that will reinvent the heart of Sunderland has been released today. The Riverside Sunderland Masterplan, which sets out a detailed blueprint for the regeneration of a key[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR