Property News - Altrincham mall sold

CIS and Petros Developments have sold the Stamford Shopping Centre at Altrincham, Cheshire, to Park Lane Estates for£48 million, reflecting a net initial yield of 7.25 per cent. The 279,800 sq ft (25,995 sq m) scheme is anchored by House of Fraser. DTZ represented the vendors and Heywood & Partners acted for the buyer.