Family-owned Eastwood Properties has purchased three retail outlets in the UK for EUR 147 mln. The Belfast-based property group has bought two Debenhams stores in Leeds and Norwich, central England, as well as an outlet in the Welsh capital of Cardiff. The transaction value reflects an initial yield ranging from 3.75% to 4.25%. The Irish group said it had set its sights on Britain because it is interested in prime sites, which are not coming on the market in Northern Ireland.
Family-owned Eastwood Properties has purchased three retail outlets in the UK for EUR 147 mln. The Belfast-based property group has bought two Debenhams stores in Leeds and Norwich, central England, as well as an outlet in the Welsh capital of Cardiff. The transaction value reflects an initial yield ranging from 3.75% to 4.25%. The Irish group said it had set its sights on Britain because it is interested in prime sites, which are not coming on the market in Northern Ireland.