Henderson’s UK Retail Warehouse Fund has said that it had sold Enfield Retail Park in Enfield, North London, to the Universities Superannuation Scheme for £38.35m - an 8.5% yield.
Taylor Business Park in Warrington has been bought by industrial property specialist Ribston for £19.2m.
UK Commercial Property REIT has bought the 290,000 sq ft M8 Industrial Estate near Glasgow from Grayling Capital for £24.6m, representing a topped-up net initial yield of 5.9%.
Property investor concerns about rising interests rates suppressing asset prices may be “overblown”, according to new CBRE research that suggests rates will only rise by 2.5% over the next decade—just 0.5% in real terms.
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