UK co-investing property asset manager Capital & Regional has announced that the Capital Retail Park Partnership has exchanged contracts for the sale of the Costco unit at the Capital Retail Park in Cardiff to a private investor for £16.95 mln (EUR 18.7 mln). The transaction volume represents a net initial yield on contracted rent of 6.1%.
UK co-investing property asset manager Capital & Regional has announced that the Capital Retail Park Partnership has exchanged contracts for the sale of the Costco unit at the Capital Retail Park in Cardiff to a private investor for £16.95 mln (EUR 18.7 mln). The transaction volume represents a net initial yield on contracted rent of 6.1%.
The Capital Retail Park Partnership is a 50:50 joint venture between Capital & Regional and PMG Estates Limited, a local property developer. The sale proceeds will be used to pay down the partnership debt.
