Receivers at BDO have completed the sale of Bouverie Place Shopping Centre in Kent to David Samuel Properties.
The Folkestone mall was bought for £10.9m, reflecting a 13.2% yield. It measures 259,459 sq ft. Tenants include TK Maxx, JD Sports and Asda.
M7 provided a £7.4m loan to back David Samuel’s purchase last month, on behalf of its UK debt fund TREC II.
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