July 5, 2011
Scottish Widows Investment Partnership, advised by Edgerley Simpson Howe, has acquired the DSG Retail unit at Stony Lane, Christchurch for £3.62 million, reflecting a net initial yield of 7.51%.
The 18,090 sq ft unit is let to DSG Retail at a rent of £287,000 pa with an unexpired lease term of 11 years.
Jamie Naughton comments ‘This purchase was an opportunity to extend SWIP’s existing holding in the town, which will create further asset management opportunities’.
Harvey Spack Field advised the private vendor .
– Ends –
