August 2003
London & Associated Properties (LAP) has bought the Church Square shopping centre in St Helens from Blackmoor Partnership for £50m. The specialist shopping centre owner has bought the 350,000 sq ft (32,515 sq m) centre for Analytical Properties Holdings, its joint venture with Bank of Scotland. The centre, which dominates ST HELENS shopping offer, yields rents of £3.6m from a total of 82 tenants including Bhs, Boots the Chemist, Next and River Island. Gooch Cunliffe Whale has been retained to advise on ongoing rent review/lease renewal situations as well as asset management opportunities. Contact Duncan Kite 020 7647 4804 duncan.kite@gcw.co.uk