Capital & Regional, the co-investing property asset manager, said on Monday that the Junction Fund has sold the Kittybrewster retail park in Aberdeen and the Slough retail park in Slough to fund managers Threadneedle Property Investments. The transaction price amounts to around 拢82 mln (EUR 91 mln), reflecting a net yield of 6.7%.
Capital & Regional, the co-investing property asset manager, said on Monday that the Junction Fund has sold the Kittybrewster retail park in Aberdeen and the Slough retail park in Slough to fund managers Threadneedle Property Investments. The transaction price amounts to around 拢82 mln (EUR 91 mln), reflecting a net yield of 6.7%.
The assets were valued at a combined 拢79 mln at end-September 2009, according to Capital & Regional, which manages and owns 13.4% of the Junction Fund.
Completion of the sale will take place on 18 December 2009.
