Morley Pooled Pensions has bought Airdrie Retail Park in Airdrie, North Lanarkshire, from a syndicate of private investors for £16.6m, reflecting a net initial yield of 5.83%.
The park totals around 100,000 sq ft (9,290 sq m).
Eric Young and Liberty Asset Management advised the vendor.
ATIS REAL Weatheralls advised Morley.
References: EGi News 30/04/04
