Colliers International, on behalf of Donegal Place Investments, has sold the Crossgates Shopping Centre in Leeds to Praxis Holdings. 

The 150,000 sq ft, freehold shopping centre, anchored by Tesco and Wilkinson, was acquired for £29.5 million with an 8.5% initial yield.

Commenting on the deal, André James, Head of National Investment at Colliers International said:

“Crossgates continues to be a thriving local centre, where retailers such as Wilkinson, Tesco and the new Peacocks continue to trade well.”

Crossgates Shopping Centre, Leeds