Orchard Street Investment Management has acquired Old George Mall shopping centre in Salisbury, the UK on behalf of a pension fund client. The investment volume of more than £80 mln (EUR 88 mln) reflects a yield of 6%.

The vendor was Doughty Hanson & Co Real Estate.

The mall comprises a 48-unit, open-air shopping centre, totalling 13,000 m2, with an integrated 565-space multi storey car park.

Savills acted for Orchards Street Investment Management.