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LondonMetric sells three retail assets

Retail property firm LondonMetric has sold three retail parks in Christchurch, Bedford and Maidstone for 60.9 million pounds. The 104,000 square foot retail park at Christchurch, purchased back in 2013 for 27.1 million pounds, was sold to Orchard Street Investment Management for 34.5 million pounds at a net initial yield of 5.65 percent. While...

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Cardiff Bay Retail Park sold

Orchard Street Investment Management has acquired Cardiff Bay Retail Park for £54.5million. Bought from Schroders and Investa Real Estate management, this is the fourth shopping mall bought by Orchard Street in the last six months. Cardiff Bay Retail Park is Europe’s largest waterfront development. Commenting on the acquisition, Gary Felce,...

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