New River has sold its Templars Square shopping centre in Oxford to developer Redevco in a £38.8 million deal.
The company purchased the centre in the Cowley area of the city in 2012 for £24.6 million. In November 2021 Oxford City Council released a planning decision notice enabling 236,000 square feet of mixed-use regeneration. The scheme will include 226 new homes and major improvements to the public realm.
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