Legal & General, an insurance, investment management and financial services group, has acquired the 8,180 m[sup]2[/sup] Solartron retail park in Farnborough, southeast England, from CBRE Investors for EUR 94 mln. The transaction value reflects a net initial yield of 4.38%.
Legal & General, an insurance, investment management and financial services group, has acquired the 8,180 m2 Solartron retail park in Farnborough, southeast England, from CBRE Investors for EUR 94 mln. The transaction value reflects a net initial yield of 4.38%.
Solartron mall provides nine retail warehouse units and is Farnborough's main bulky goods scheme. Major tenants include sofa maker DFS and furniture retailer MFI. Consultant King Sturge has acted for Legal & General, while CBRE has been advised by Chase & Partners and Strutt & Parker.
