Scottish Mutual buys Shannon

Scottish Mutual has bought Shannon Corner Retail Park in New Malden, Surrey, in a part sale-and-leaseback deal from Carpetright for £18.6m, at a net initial yield of 5.88%. The retail park totals 37,205 sq ft (3,456 sq m), and is let to DFS, Carpetright and Harveys. Average rents are £31.12/sq ...

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