Ipswich - Eastgate Shopping Centre

September 2003

Gresham Property Partners, part of Schroder Investment Property Management, has bought the former Eastgate Shopping Centre in Ipswich for £12.7m.

The purchase price for the 112,000 sq ft (10,405 sq m) complex reflects a yield of 9%. Tenants include Peacocks, QD Stores, Shoefayre & Half Price Jewellers.

Gooch Cunliffe Whale advised Schroders on the investment purchase and are retained to advise on ongoing rent review & asset management opportunities.

Contact Fiona Nichols
020 7647 4809