DAC Beachcroft has advised Blackpool Council on its £47m purchase of the town’s Houndshill Shopping Centre from the receivers of its previous owners, BCC Eiffel.
The council is expected to make a significant investment in the key 400,000 sq ft site and is looking to secure a planned extension.
Paul McCartney, partner at DAC Beachcroft, said: “We are proud to have been able to advise Blackpool Council on this deal.
“We are constantly reminded of the changing pressures and demands facing the UK’s retail sector. Proactive and positive local authorities such as Blackpool Council can provide the impetus – and access to investment capital – required to keep our shopping centres and high streets vibrant, attractive and competitive.”
The DAC Beachcroft team that worked on the deal was led by Paul McCartney, and included Liz Donnelly, Tom Everson and Clare Naylor (Real Estate), Matthew Spencer (Tax), Ian Mackenzie (Commercial), Paul Corris (Employment), Katharine Davies (Construction) and Anne Harrison (Planning).