Land Securities is preparing to bring Overgate shopping centre in Dundee to the market.
The UK REIT has earmarked the Scottish mall for sale for £125m – 7.5% yield.
The proposed sale comes nearly three years after it bought the 420,000 sq ft shopping centre for £141m – a 6.9% yield.
The scheme opened in 2000 and has more than 60 shops.
A Land Securities spokesman said: “Land Securities confirms that it has commenced marketing the Overgate Centre, Dundee, in preparation for a possible sale in line with the company’s strategy of recycling capital.”
Cushman & Wakefield is acting for LandSec.
