CIT buys Exeter retail park for £42m

By A staff reporter 2008-05-16T00:00:00

UK fund manager Hermes Real Estate has sold its Exeter retail park to private equity and real estate firm CIT for £42mln (EUR 53mln), reflecting a net initial yield of 6.19%. The park comprises 10 retail-warehouse units on a total of 10,600 m[sup]2[/sup] of space. Major tenants include Currys, McDonalds ...

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