Crown Estate acquires Portsmouth retail park for EUR 72m

By A staff reporter 2011-03-02T00:00:00

UK property company Capital & Regional announced that the Junction Fund has exchanged contracts for the sale of Ocean Retail Park Portsmouth to The Crown Estate for £60.8 mln (EUR 72 mln). The sale price reflects a net initial yield of 5.8% and a premium to the end-December 2010 valuation.

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