Nov 17 2010
Metric has exchanged on Wick Retail Park, North East Scotland for £10.3 million, reflecting an initial yield of 6.5%. The 60,700 sq ft Open A1 (non food) retail park has low average passing rents of £11.10 psf with an average unexpired lease term of 12.7 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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