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Strathclyde sells Arndale

STRATHCLYDE Pension Fund has sold its stake in the Arndale Centre in Eastbourne, East Sussex, for an undisclosed sum.

Legal & General Property has secured outright ownership of the shopping mall after previously being a joint venture partner with Strathclyde.

The town centre site attracts 17 million visitors per year and houses retail chains including Marks & Spencer, BHS and Primark.

Plans for a £70 million extension to the centre were submitted in April last year.

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