LaSalle buys St Helens mall

Church Square Shopping Centre in St Helens has been bought by LaSalle Investment Management for £27.73m.

The centre was sold by administrator Grant Thornton following the collapse of previous owner the Britannica fund.

The price paid for the 332,346 sq ft mall reflected a net initial yield of 10%.

LaSalle was advised by Cushman & Wakefield and Lunson Mitchenall. Coady Supple advised CBRE Britannica St Helens.

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Hopefully a BTD (Buy to demolish!)

By St Helens Resident