Standard Life sells Scottish shopping centre for EUR 97m

By A staff reporter 2007-07-31T00:00:00

Standard Life Investments has sold the Regent Centre in Hamilton, Lanarkshire, Scotland to an unnamed Northern Irish investor for £65.55 mln (EUR 97 mln). Based on the initial annual income generated by the centre of around EUR 5.9 mln, the transaction reflects a yield of 5.72%.

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