St. Modwen divests 27% of retail portfolio

By Isobel Lee 2018-05-09T00:00:00

Listed UK regeneration specialist St Modwen Properties has spun off two retail assets in Birmingham and Wembley, including the Longbridge Shopping Park to Columbia Threadneedle Investments on behalf of Zurich Assurance for £53 mln (€60.5 mln), reflecting a 6% initial yield.

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