CBRE mandated to sell Queensgate mall for €238m

Landlords Hammerson and Aviva Investors have appointed CBRE to market the Queensgate shopping centre in the eastern UK city of Peterborough for around £200 mln (€238 mln).

Aviva and Hammerson are both selling their 50% stake in the 835,000 sq ft (77,500 m2) retail scheme, which opened in 1982 and comprises over 90 stores on two levels and 2,300 parking spaces.

'We are testing the market on a potential sale,' a spokesperson for Hammerson told PropertyEU.

Hammerson bought 50% of the freehold of the Queensgate centre from Aviva for £156 mln in 2005.

It now asset manages the centre, whose tenants include Alliance Boots, BHS, H&M, John Lewis, Marks & Spencer and Waitrose.