Miller Developments has formed a 50/50 jv with London Merchant Securities to buy the Swinton Shopping Centre in Manchester for £29.5m a 6.2% yield.
The companies bought the 181,500 sq ft shopping centre from Lathe Investments and GE Real Estate. Miller and LMS were advised by DTZ and Colliers CRE. Lathe was advised byby BCM.
References: EGi News 29/11/04
