BlackRock buys Morrisons in Borehamwood for £46.5m

BlackRock Morrisons Borehamwood

BlackRock has acquired a Morrisons supermarket in Borehamwood for £46.5m in an off-market deal from a private investor for its UK Long Lease Property Fund.

The 74,000 sq ft supermarket in the south Hertfordshire commuter town sits on a prominent five-acre site adjacent the A1 dual carriageway, and the price reflects a net initial yield of 3.5%.

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