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NewRiver completes Cowley sale

NewRiver has completed the sale of its Cowley shopping centre for £38.8m.

The Templars Square shopping centre was bought by Redevco, which exchanged contracts for the Oxfordshire site in December.

NewRiver bought the 236,000 sq ft mall in 2012 for £24.6m, but sold it as a regeneration opportunity, with consented plans to build 226 homes.

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