Dawnay Day has sold the Old Square Shopping Centre at Walsall, West Midlands, to Threadneedle Investments for £30 million, reflecting a net initial yield of 7 per cent. At 154,500 sq ft (14,355 sq m), the scheme is anchored by Debenhams and Tesco. Key tenants include Superdrug, Clinton Cards, Mackays, Nationwide, NCP and Going Places.

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