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TIAA-CREF completes circa £285m Basingstoke mall buy

TIAA-CREF has completed the acquisition of the Festival Place Shopping Centre in Basingstoke from Grosvenor Festival Place Fund for a figure believed to be around £285m, a 6.3% yield.
CoStar News
September 6, 2012 | 7:28 P.M.

The 1m sq ft shopping centre was redeveloped by Grosvenor in 2002 and has approximately 175 shops and a 2,770-space, multistory car park.

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