GCW sell Christchurch shopping centre to RREEF

August 2007

London & Associated Properties plc advised by GCW has sold the Saxon Square Shopping Centre in Christchurch to RREEF UK Property Ventures Fund No 3 for £20.5 million.

The deal reflects a net initial yield of 5.05%. The Centre comprises approximately 103,000 sq ft of retail with stores including Somerfield, New Look, Dorothy Perkins, WH Smith, Argos and Boots.

David Gooch
020 7647 4808