A borough shopping centre has been bought in a near £20m deal.
Development Securities has bought the non-foodstore element of The Killingworth Centre for £19.2m from Wm Morrison Supermarkets.
The 185,000sq ft site contains operators including Poundworld, Wilkinson, Card Factory and Boots.
Matthew Weiner, of Development Securities PLC said: “The Killingworth Centre is a popular and well-located shopping centre that dominates Killingworth’s retail provision meeting all the modern day requirements of the convenience-focussed consumer.
“This high-yielding asset has a stable occupier base and strong footfall driven by Morrisons, which will remain outside of our ownership.”