David Ross’s and Lloyds Banking Group’s Kandahar is in talks to sell the 80,000 sq ft Church Walk shopping centre in Caterham, Surrey, to BP Pension Fund for around £25m – a yield of just over 6%.
It is also selling the 53,200 sq ft St Mary’s Place in Market Harborough, Leicestershire, to RREEF, for around £18m – a 6.7% yield.
Jones Lang LaSalle is advising Kandahar; Jackson Criss is advising RREEF.
