West Northamptonshire Council seeks decision to acquire Corn Exchange [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
This potential acquisition is expected to stimulate further private-sector investment. The Greyfriars area encompasses the sites of Greyfriars Bus Station, as well as the Mayorhold and Victoria Street parking facilities, Corn Exchange, Belgrave House, and East and West Island, spanning more than 14 acres. West Northamptonshire Council, in collaboration with Studio Egret West and with backing from Homes England, developed the vision aimed at transforming several derelict buildings at the site. The Corn Exchange, constructed around 1850 and vacant since 2013, is set to be transformed into a multipurpose cultural and creative venue. Meanwhile, the front of the building is expected to be used for retail or leisure purposes, featuring a restaurant or café. In addition, West Northamptonshire Council has entered a partnership with ECF, a joint venture involving Legal & General, Homes England, and Muse for the wider Greyfriars development. This partnership is poised to facilitate
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