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LandSecs sells Sunderland mall

Land Securities has exchanged contracts to sell The Bridges shopping centre, Sunderland to clients of AEW Europe for £152m, reflecting a net initial yield of 6.9%.
CoStar News
June 24, 2014 | 11:51 AM

The Bridges totals 550,000 sq ft and is anchored by Debenhams with a further 100 shops including Foot Locker, Superdry and TopShop. Land Securities bought The Bridges in 1993 and extended the centre in 2000.

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