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