Co-investing property asset manager Capital & Regional announced on Monday that the Mall fund has completed the sale of four shopping centres to clients of Rockspring Property Investment Managers at a price of £136 mln (EUR 165 mln), reflecting a net initial yield of 7.5%. The assets were sold at a premium of 6% to their latest appraised value of £128 mln at end-June 2010.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
