PropertyEU

Prupim acquires UK retail park from Henderson at 5.3% yield

By A staff reporter 2010-03-02T00:00:00

Prudential Property Investment Managers (Prupim) has exchanged contracts to acquire the Stanley Green Retail Park in Wilmslow, Manchester for £47 mln (EUR 52 mln). The investment volume reflects a net initial yield of 5.3%, the lowest achieved for a retail park in the current market cycle.

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