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Birmingham Post

Business

Owen Hughes

Welsh shopping centre sold at auction to retail site owner

Allsop Newtown Powys

A Welsh shopping centre has been sold at auction for well over its guide price.

Bear Lanes Shopping Centre in Newtown, Powys, houses a host of High Street names, including WH Smith, Nationwide, Superdrug, New Look and Peacocks.

The precinct was built at the site of the Bear Hotel after it was demolished in the 1980s - with the facade rebuilt.

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