The Capital Markets team at CB Richard Ellis North West has advised a client of CBRE Investors, a pension fund, on the purchase of a £7.8million retail portfolio comprising three supermarkets.
Property Alliance Group has sold two retail warehouse unit at the Alliance retail park in Chorley for £4million, reflecting an initial net yield at 6.2 per cent.
Land Securities has announced that it has bought a 50 per cent stake in the Westgate Centre, in Oxford from The Crown Estate for just over £28million representing a yield of 6.75 per cent. The property will be jointly held in a new Limited Partnership.
Drivers Jonas Deloitte, acting on behalf of a fund managed by Matrix Property Fund Management, has sold the iconic Station Hotel in Ayr, Scotland to a private overseas investor.