UK REIT British Land has purchased Mayflower Retail Park on the edge of the Basildon town centre in Essex from Scottish Widows Investment Partnership (Scottish Widows) for £51 mln (EUR 59 mln). The purchase price represents a net initial yield of 6.3%, rising to 6.9% upon letting of the park's one vacant unit.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
