Edge Properties has sold a 5,667 sq m (61,000 sq ft) retail warehouse property at Newport Road Cardiff, for £8.1m. This reflects an initial yield of 6.3%. The buyer is not mentioned.
Edge announced pre-tax profits of £1.07m for the 14 months to March 31. This compares with losses for £1.04m the previous year.
Five retail parks were bought during the period for £79m and a retail warehouse for £6m in a joint venture with TR Property Investment Trust.
- Financial Times 13/05/97 page 24
