Aviva Investors has signed a deal with Gravesham Borough Council and developer Reef Group to regenerate a shopping centre in Gravesend, in what the council described as a major step in the town’s redevelopment.
Plans for St George’s Centre include a new cinema and restaurants, as well as general modernising improvements.
Aviva’s asset management branch bought the centre with an agreement that the local authority will pay it £1.15m a year over a 50-year lease period, subject to inflation.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts