A private investor has acquired the Vancouver shopping centre in Kings Lynn, southern England for EUR 137 mln. The price reflects a net initial yield of 4.7%. The scheme, recently completed, comprises 27, 870 m[sup]2[/sup] of retail space with a further 6,967 m[sup]2[/sup] scheduled for development. The mall is anchored by a Sainsbury supermarket and other tenants include retailers Woolworths, TJ Hughes, New Look, JJB, Peacocks and Costa Coffee.
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