Dec 14 2010
Metric has completed the acquisition of Havens Head Retail Park, Milford Haven from Land Securities PLC for £14.4 million, reflecting an net initial yield of 6.8%. The park comprises 85,700 sq ft of Open A1 space and is anchored by a 38,000 sq ft Tesco with an unexpired lease term of 17 years. The scheme has eight units, and tenants include Boots, Peacocks, and Littlewoods with an average passing rent of £12.10 psf and an unexpired lease term of 13.8 years. Metric will use its existing cash resources to finance the purchase.
The full article can be found in the attached file.
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