Roubaix Group, the niche retail investor set up by former Praxis head of investment Chris Beckerman last year, is under offer to buy the Fareham shopping centre in Hampshire.
It has agreed to pay around £55m – reflecting an 8% yield – for the 500,000 sq ft mall.
The sale price reflects a more than 40% discount to the £95m price paid by Ireland’s Murdoch family in 2005. Kennedy Wilson and Värde Partners own the debt securing the property.
Roubaix made its debut purchase last October, paying £22m for the 135,000 sq ft Marketgate centre in Lancaster.
The deal comes as £130m of regional shopping centres hit the market this week.
The St Nicholas shopping centre in Sutton, Surrey, is being marketed by Savills and Michael Elliott on behalf of Criterion Capital at £84.9m – a 6% yield.
The 434,500 sq ft centre has 67 shops and is anchored by a 163,000 sq ft Debenhams store.
AEW was in advanced talks to buy the centre at the end of last year for around £70m, but a deal was never agreed.
Savills has also been instructed by RBS and Grosvenor to sell the Friars Square shopping centre in Aylesbury, Buckinghamshire, for £47m – a 6.8% yield.
