British Land has acquired the Drake Circus shopping centre in Plymouth, Reuters reports. The U.K. property developer paid around $372 million to David Ross’ Kandahar Real Estate for the mall, adds Property Week.
The property is anchored by Primark, Marks & Spencer and Next and other tenants include Cult/Superdry, Republic, Topshop and H&M. Kandahar appointed Jones Lang LaSalle and Briant Champion to advise on the sale, while CB Richard Ellis acted for British Land.
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