Hermes sells Glasgow's Princes Square

By A staff reporter 2007-02-27T00:00:00

UK asset manager Hermes is to sell its 50% stake in the Princes Square shopping centre in Glasgow, Scotland. The asking price for the centre, which is co-owned by the insurer Clerical Medical, is in excess of £61.13 mln (EUR 91.14 mln), reflecting a net yield of 4.85%. The average ...

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