Capital & Regional has sold the 160,000 sq ft Jarman Fields in Hemel Hempstead, Hertfordshire, to Tesco Pension Fund.
The fund has bought the leisure complex for £8.5m.
C&R said proceeds from the sale would be used for general corporate purposes.
Chief executive Hugh Scott-Barrett said: “The disposal of Hemel Hempstead is the culmination of excellent asset management work to create an attractive leisure asset and it will enable the group to recycle cash into its core UK shopping centre business.”
samantha.mcclary@estatesgazette.com
