F&C Reit Asset Management has bought the 345,000 sq ft Halton Lea shopping centre in Runcorn, Cheshire, out of receivership.
It paid £29.1m, reflecting an 8.25% yield.
The scheme, which was previously owned by Fordgate subsidiary Arkminster, went into receivership in September 2009.
It has an estimated rental value of £4.5m pa.
daniel.cunningham@estatesgazette.com
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