PropertyEU

Metric acquires retail park in Manchester

By A staff reporter 2010-10-15T00:00:00

Metric Property Investments, the UK specialist retail real estate investment trust (REIT), has conditionally exchanged contracts to acquire Congleton Retail Park in South Manchester. The vendor is North West-based investor and developer, Bluemantle, for £14.86 mln (almost EUR 17 mln). The purchase price reflects a net initial yield of ...

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