Irish Life Assurance has purchased the Nicholsons shopping centre in Maidenhead, southeast England, from London-based private property investor Boultbee for £85 mln (EUR 125 mln). The Nicholsons centre provides 12,000 m[sup]2[/sup] of retail sales accommodation on a 1.77 hectare site. The key tenant anchors include Tesco Metro, Argos, Next, WH Smith and Ottakars. Boultbee said the sale represents an initial yield of 5.20% and an equivalent yield of 5.75%.
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