British Land : BLND – disposal

British Land and the Crown Estate are selling Leamington Spa shopping park (held through a 50:50 joint venture) for £72m. The price is equivalent to an initial yield of 4.4%. The buyer is Ignis UK property Fund. Under British Land’s management the park has been refurbished and the tenant mix upgraded.

James Carthew
Written By James Carthew

Head of Investment Company Research

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