Earlplace, through their joint venture, Guildhall Estates, has sold the completed Neighbourhood Centre scheme at St Neots, Cambridgeshire to a private investor at a price to reflect a yield of 7.65%.
The development is exclusively retail and let to tenants including Tesco, Barnados, a pharmacist and two restaurant/cafe outlets.
The spokesperson for Earlplace commented: "St Neots was our second Neighbourhood Centre project following our success at Aylesbury and we are delighted with the outcome of both. We have secured sites for similar developments at four additional locations and are currently negotiating for several more as we remain committed to this sector of the market".