Apr 27 2012
Metric announces that MIPP, the £150 million joint venture between Metric and USS, has acquired Longwell Green, Bristol for a total consideration of £7.8 million (net of acquisition costs), from Cordatus Partners on behalf of the receivers to Castlemore Securities. The retail park is located opposite Gallagher Shopping Park and comprises 20,400 sq ft of Open A1 (non-food) consent across two units. MIPP has simultaneously exchanged leases with DFS and Carpetright across the entire accommodation generating a yield on cost of over 7.5%.
The full announcement can be found in the attached file.
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