After months of uncertainty, the future of Hornsea's biggest employer has finally been secured after it was saved by a West Yorkshire building society.

The Hornsea Freeport shopping village has been taken over by the Leeds Building Society for an undiclosed sum after the previous owners, Hornsea Estates Limited and Hornsea Estates (No 2) Limited, entered into administration in July 2009. The building society established a wholly owned subsidiary, Headrow Commercial Property Services, in order to acquire the business.

Commercial property agent DTZ will manage the 16-acre site, which has 43 units, and employes around 250 people, on behalf of the building society.

Despite the economic downturn, the administrators, Deloitte LLP, have said that the outlet exceeded expectations last year, which gives the it a good chance to develop.

Related articles:

• Fears grow over Hornsea Freeport.

Related Links:

• Hornsea Freeport website.
• Leeds Building Society website.