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Last Updated: Monday, 12 February 2007, 17:30 GMT
90m shopping centre deal signed
A 90m deal has been signed for a takeover of the Pentagon shopping centre in Chatham, Kent.

The 330,000sq ft (30,658sq m) complex has been bought by BHL Ltd, a partnership of Irish investors.

Spokesman Eamonn Duignan said the new owners hoped to help establish Chatham as the "retail, commercial, civic and cultural" heart of Medway.

Medway Council is undertaking a major regeneration project in the area over the next 20 years.

A programme of extension and redevelopment is now planned for the Pentagon Centre.

BHL Ltd is a joint venture between Dublin-based Davy Private Clients, and property developers Duignan and McCarthy who have previously worked on shopping centre refurbishments in Ireland.


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