M&G Real Estate has bought Premier Park in Trafford, Greater Manchester, from Lothbury for £47m – a net initial yield of 3.3%.
The estate totals 196,680 sq ft across 20 units ranging from 4,569 sq ft to 35,415 sq ft. It is let to 12 tenants, with a weighted average unexpired term of more than three years to breaks and over four years to expiries.
ACRE Capital advised M&G; Gerald Eve acted for Lothbury.
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Including:
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