Capital & Regional plc has announced that The Mall has acquired Main Square Shopping Centre in Camberley, Surrey, from Prudential-owned Scottish Amicable Life Assurance Society, for in excess of Â£130 million. Scottish Amicable is also making a further investment in The Mall Fund as part of this transaction.
The Mallâs Â£2.25 billion portfolio will now comprise 22 Malls providing a total of more than 7.35 million sq. ft of retail floor space. More than 4.76 million shoppers will be welcomed through its doors every week.
Main Square in Camberley comprises 33,444 sq m (360,000 sq ft) on one level and has over 100 stores including House of Fraserâs Army & Navy Department Store, Boots, Next, Virgin, Sainsburys and Monsoon and over 1,000 car parking spaces.
Ken Ford, Chief Executive of The Mall comments âWe are delighted to acquire Main Square, Camberley, in an off market deal. It complements our growing portfolio and brand of community shopping centers across the UKâ.
Source: Capital & Regional