West Midlands Metropolitan Authorities Pension Fund has paid around £18m for Richardson Development’s Merlin Park 2 distribution scheme in Wood Lane, Birmingham.
The deal reflects a net initial yield of around 7.6%.
Stockford Staunton advised Richardson, while Healey & Baker Investment Managers and Cushman & Wakefield Healey & Baker advised the WMMAPF.
References: EGi News 17/04/03
