LNC buys German complex

A PROPERTY company backed by businessman Bill McCabe has snapped up a leisure complex in Germany for about €60 million.

LNC buys German complex

Mr McCabe, the founder of education software company Smartforce, is the main shareholder in LNC Property Group. The company, which has property assets of more than €500m, plans to redevelop Space Park Complex near Bremen.

The complex has been bought out of administration by LNC.

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