BA Pension Fund has sold a 50% stake in its Avonmeads retail park in Bristol to National Grid UK Pension Scheme for £32m – a 5.1% yield.
The 165,000 sq ft park is let to Boots, Mothercare, Marks & Spencer and Outfit on rents ranging from £24-£30 per sq ft.
Morgan Williams advised BA Pension Fund; BNP Paribas Real Estate advised National Grid.
annabel.dixon@estatesgazette.com
