Eastbourne shopping centre sold
An Eastbourne shopping centre has been sold for Â£19 million, it has been revealed this morning.
Schroders Columbus Fund and London & Associated Properties have sold the Langney Shopping Centre to Tyburn Lane Private Equity and Vale Retail.
The 130,000 sq ft centre - which has 31 units - is located on an 11 acre site and has detailed planning consent for a new extension.
Economists say the new owners will be working with the local authority to bring this forward.
Schroders and London & Associated Properties bought the shopping centre from Stockland Ventures in 2011 in an off-market deal worth around £16million.
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