London-listed F&C Commercial Property Trust has confirmed it has exchanged contracts to sell Lion Walk shopping centre in Colchester for about EUR 89mln. In a regulatory release, the company said the investment volume was gross of rental guarantees which are not expected to exceed EUR 1mln and the price compares to a valuation of EUR 87.2mln at end-March this year.
London-listed F&C Commercial Property Trust has confirmed it has exchanged contracts to sell Lion Walk shopping centre in Colchester for about EUR 89mln. In a regulatory release, the company said the investment volume was gross of rental guarantees which are not expected to exceed EUR 1mln and the price compares to a valuation of EUR 87.2mln at end-March this year.
The buyer is believed to be LaSalle Investment Management.
