Capital & Regional's town centre property fund, The Mall, has extended its ownership of The Mall at Epsom, buying in two more properties for£3 million. Both properties are integrated into the shopping centre and are either side of the high street entrance, at 113 and 93/95 High Street.
The Mall purchased 113 High Street for£1.5 million from a client of Heywood & Partners. The unit is let to Waterstone's and consists of some 3,245 sq ft (300 sq m) on the ground floor, 2,480 sq ft (230 sq m) on the first floor and 1,185 sq ft (110 sq m) on the second floor. The unit is held on a 15-year lease from July 1995 with five-yearly upward-only rent reviews.
The Mall chief executive Ken Ford said: 'These units give us increased flexibility and will enable us to continue with our future plans for the centre.'