British Land goes on retail park buying spree

Retail park

Source: Shutterstock/ jax10289

British Land has completed on the acquisition of three retail parks for a total of £94m and sold its 50% stake in a retail park in Preston for £30m.

The group has paid £51.5m for the Capitol Retail and Leisure Park in Preston for £51.5m, representing a net initial yield (NIY) of 8.43%.

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