British Land-managed Hercules Unit Trust has exchanged contracts to sell its 225,000 sq ft Queensgate Centre in
The sale is the latest in a number of deals between HUT and LIM recently.
HUT sold its 218,100 sq ft Silverlink Retail and
CBRE advised
British Land-managed Hercules Unit Trust has exchanged contracts to sell its 225,000 sq ft Queensgate Centre in Harlow to LaSalle Investment Management on behalf of Mars Pension for £40m and a 10.5% yield.
The sale is the latest in a number of deals between HUT and LIM recently.
HUT sold its 218,100 sq ft Silverlink Retail and Leisure Park near Newcastle to LIM on behalf of HSBC for £92m and a 6.8% yield last week. It also sold its 213,500 sq ft Borehamwood shopping park in north London to LIM for £81m and a 6.5% yield last December.
CBRE advised British Land; Wilkinson Williams advised LIM on the Queensgate Centre
annabel.dixon@rbi.co.uk
