Capital & Regional, the UK co-investing property asset manager, announced on Wednesday that the Mall Fund has completed the sale of Aberdeen Shopping Centre to a client of Rockspring Property Investment Managers. The investment volume of £47.4 mln (almost EUR 54 mln) reflects an initial yield of 7.9%.
Capital & Regional, the UK co-investing property asset manager, announced on Wednesday that the Mall Fund has completed the sale of Aberdeen Shopping Centre to a client of Rockspring Property Investment Managers. The investment volume of £47.4 mln (almost EUR 54 mln) reflects an initial yield of 7.9%.
The valuation of the centre at end-December 2009 was £46 mln. Capital & Regional has an interest of 16.7% in the Mall Fund.
