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JLL has advised KKR and Quadrant Estates on the sale of the 138,500 sq ft Templars Shopping Park in Oxford. The park has been sold to Pramerica Real Estate for £67m, equating to a net initial yield of 4.99%.
JLL advised the vendor when they acquired the park in 2013, as part of the £112m Tuscany Portfolio.
Will Andrews, head of JLL's Out of Town Retail & Leisure team, commented: "Since acquiring the asset, KKR and Quadrant Estates have completed a highly successful asset management plan which has included lettings to Sainsbury's, DW Sports, Pets at Home, Costa and Pure Gym."