LONDON (AFX) - Land Securities Group PLC said it sold regional retail properties totalling 21,000 square metres to four purchasers for around 115 mln stg.
One transaction comprised eight high street retail properties which were sold to CBRE Investors acting on behalf of in-house pension fund clients for around 58 mln stg, showing an overall initial yield of 5.14 pct.
In another deal, Land Securities exchanged contracts for the sale of its Coventry retail holdings for 57 mln stg, showing an initial yield of 5.9 pct.
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One transaction comprised eight high street retail properties which were sold to CBRE Investors acting on behalf of in-house pension fund clients for around 58 mln stg, showing an overall initial yield of 5.14 pct.
In another deal, Land Securities exchanged contracts for the sale of its Coventry retail holdings for 57 mln stg, showing an initial yield of 5.9 pct.
newsdesk@afxnews.com
ak/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
© 2005 AFX News
