Acquisition of a major shopping centre from M&G Real Estate

Cambridge’s second city centre shopping scheme comprising 500,000 sq ft of retail and leisure arranged over 84 units having 1,150 car spaces. Anchored by Debenhams and BHS with retailers including H&M, Next, New Look, Topshop and Boots. Acquired with plans to enhance the centre through active asset management

Price

£99m reflecting a net initial yield of 5.18%

Client

 Legal & General Property

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