Telford Shopping Centre in the UK was sold on Wednesday for £442 mln (EUR 652 mln) to American company Apollo Real Estate and private development company Hark Group. The joint venture has bought the 93,000 m[sup]2[/sup] mall from the Universities' Superannuation Scheme (USS), a UK pension scheme. Last November USS hired Jones Lang LaSalle to market the retail complex in Shropshire for about £460 mln (EUR 679 mln). The deal reflects a net initial yield of 4.86%.
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