Preston Sainsburys

Preston Sainsburys changes hands for £54m

Legal & General has sold the 78,000 sq ft store in the town centre to Supermarket Income REIT for £54.4m in a deal reflecting a net initial yield of 5.1%.

Stoneygate 1

GALLERY | Preston shares Stoneygate vision

The local authority has provided more detail on the masterplan to guide the regeneration of a 61-acre swathe of the city centre, focussed around Queen Street Retail Park, Cardinal Newman College, and St John’s the Minster.