LaSalle Investment Management on behalf of the Greater Manchester Pension Fund has placed a half stake in intu’s Chapelfield shopping centre in Norwich under offer for in excess of £150m.
CBRE was instructed by intu to find a buyer for the 530,000 sq ft shopping centre in March. In total it is valued at around £305m.
The shopping centre was built in 2005 by Lend Lease and is anchored by House of Fraser. This is the second purchase this year for LaSalle and GMPF following their acquisition of the Morgan Quarter in Cardiff in May for £53m.
JLL is acting for LaSalle.
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