London & Associated Properties, the retail and London focused property investor, has bought seven shops in High Street and Mill Lane, Solihull for £13.7m.
London & Associated paid cash for the assets for a price reflecting a net initial yield of 5.4%.
Standard Life Investment Funds sold the seven units which have an income of £788,500 a year.
Lewis and Partners advised London & Associated, while Churston Heard acted for the SLI.
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