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Burford buys Hermes portfolio for £89m

Burford Holdings is buying a portfolio from Hermes for £89m.

They are Fishergate shopping centre, Preston, and two retail warehouse parks, the Phase II Tunnel Retail Park in West Thurrock, Essex and the Euro Retail Park in Ipswich.

They comprise a total of 57,598 sq m (620,000 sq ft). Annual rental income of £5.95m is expected to rise to £6.6m.

The Times 10/03/99 page 36

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