Logical Properties, a joint venture between The William Pears Group and the Khalastchi family's Flodrive Group, has bought the freehold of The Harpur Centre and 16/18 Midland Road at Bedford for about£12 million.
The 219,000 sq ft (20,345 sq m) Harpur Centre is Bedford's prime shopping pitch, and is home to retailers including Boots, Littlewoods, Vision Express, WHSmith, JJB Sports and Argos.
The 16/18 Midland Road unit, which measures 8,000 sq ft (745 sq m), is separate, self-contained and let to Bonmarche on an overriding lease.
Cushman & Wakefield Healey & Baker advised Logical Properties. CB Richard Ellis acted for the vendor.