Ashfield Land has sold its Regent Circus leisure development in Swindon to UK Commercial Property Trust for £40.5m.
The price reflects a net initial yield of 4.86% on the 97,000 sq ft leisure development, which is 94% prelet.
It is anchored by a Morrisons supermarket and a Cineworld multiplex.
The scheme will generate around £2.1m a year in rental income from leases with an average length of 20 years.
Work on the entertainment complex started last summer.
JLL acted for Ashfield Land and BNP Paribas for UKCPT.
chris.berkin@estatesgazette.com
