Standard Life fund buys Gateway shopping centre

By A staff reporter 2011-04-07T00:00:00

Standard Life Investments (SLI) has announced the freehold acquisition of The Gateway Shopping Park, Trowbridge in the UK from developer Parkridge. The £21 mln (EUR 24 mln) transaction reflected an initial yield of 5.7% and was carried out on behalf of SLI's UK Property Fund.

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