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L&G spends £50m on retail units in Croydon

Legal & General Assurance Society has bought 103/108 Whitgift Mall and 60/70 North End in central Croydon for £50.5m, a 4.8% initial yield.

 L&G, advised by Churston Heard, bought the 70,000 sq ft retail block from Scottish Mutual Assurance, advised by Edgerley Simpson Howe.

References: EGi News 21/02/05

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