Schroder buys Hebburn mall

London & Associated Properties has sold the Hebburn Shopping Centre, South Tyneside, to Schroder Emerging Retail Property Unit Trust for£4.4 million. The 61,000 sq ft (5,670 sq m) centre forms the majority of Hebburn's town centre. It produces an annual rental income of£345,000. The sale price reflects a net yield of 7.68 per cent.