Legal & General Property has exchanged contracts to purchase Guildford Business Park from the Crown Estate for £55.215 mln (EUR 65 mln). This is the second acquisition for the £1 bn UK Property Income Fund.
Legal & General Property has exchanged contracts to purchase Guildford Business Park from the Crown Estate for £55.215 mln (EUR 65 mln). This is the second acquisition for the £1 bn UK Property Income Fund.
With secured buying power of £175 mln following its recently announced first close, the purchase follows the £47 mln forward funding of the 43,000-m2 regional distribution centre at Andover Airfield, which was pre-let for 20 years to the Co-operative Group.
