Henderson Global Investors has acquired Phase 1 of Ashford Retail Park in Kent, for £14.25 mln (EUR 16 mln), representing an equivalent yield of 5.4%. Henderson purchased the 5,100-m2 site on behalf of its £1.1 bn UK Retail Warehouse Fund from the Local Authorities' Mutual Investment Trust (LAMIT).

Phase 2 of Ashford Retail park is owned by West Midlands County Council Pension Fund which together with phase 1 provides for a comprehensive retail offer with tenants including, Homebase, Argos, Boots and TK Maxx.

CCLA Investment Management is the fund manager for LAMIT. Wilkinson Williams and Camplin Bianco advised CCLA in the sale. Morgan Williams acted for Henderson.