West Midlands Metropolitan Authorities Pension Fund has sold Anniesland Retail Park, Glasgow, to Allied Dunbar Assurance for £10.5m. The deal reflects an initial net yield of 5.39%
The sale attracted more than 12 bids for the scheme, which includes three units totalling around 37,300 sq ft.
The park is let to retailers including Mothercare World, Poundstretcher and Currys.
Healey & Baker Investment Managers advised the vendor, while Colliers CRE and Smith Cole Wright acted on behalf of Allied Dunbar Assurance.
References: EGi News 13/09/04
