UK asset manager Capital & Regional said on Tuesday that its retail park-focused fund, The Junction, has exchanged contracts for the sale of Templars Retail Park, in Oxford, for £57 mln (EUR 72 mln). The property is being acquired by a subsidiary of Resolution Properties. The deal reflects a net initial yield of 5.68%
UK asset manager Capital & Regional said on Tuesday that its retail park-focused fund, The Junction, has exchanged contracts for the sale of Templars Retail Park, in Oxford, for £57 mln (EUR 72 mln). The property is being acquired by a subsidiary of Resolution Properties. The deal reflects a net initial yield of 5.68%
Capital & Regional is the asset manager of the Junction and holds 27.3% of the fund's units.