Standard Life Investments has announced its acquisition of the East Kilbride Retail Park, Scotland on behalf of Standard Life Investments' UK Property Fund, for £18.1 mln (EUR 21 mln). The investment volume reflects a yield of 6.54%.
Standard Life Investments has announced its acquisition of the East Kilbride Retail Park, Scotland on behalf of Standard Life Investments' UK Property Fund, for £18.1 mln (EUR 21 mln). The investment volume reflects a yield of 6.54%.
The retail park was acquired from Hercules Income Fund, a joint venture between British Land, Hermes & LaSalle Investment Management. The asset comprises four units developed in 2005 by DSG, providing a total lettable area of 5,400 m2.
