UK Commercial Property Trust, managed by Ignis Asset Management, has purchased the 6,000 m[sup]2[/sup] Kew Retail Park outside London from Henderson UK Retail Warehouse Fund for £31 mln (EUR 35 mln) representing a net initial yield of 6.89%. The scheme houses retailers such as Mothercare, TK Maxx, Gap, Next and Boots with rents ranging from £385 per m[sup]2[/sup] to £406 per m[sup]2[/sup] across five retail warehouse units.
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