UK property group Land Securities has completed the sale of £83 mln (EUR 93 mln) worth of retail assets from its shopping centre and retail warehouse portfolios during the last two months. The sale of the portfolio generated an average initial yield of 7.55% and all properties were sold individually to institutional investors. The properties sold include the Victoria Shopping Centre, Harrogate and food stores in Great Barr, Birmingham, Thorpe Road, Melton Mowbray and George Street, Bury.
Premium subscriber content – please log in to read more or take a free trial.
