Crown Estate acquires Portsmouth retail park for EUR 72m

UK property company Capital & Regional announced that the Junction Fund has exchanged contracts for the sale of Ocean Retail Park Portsmouth to The Crown Estate for £60.8 mln (EUR 72 mln). The sale price reflects a net initial yield of 5.8% and a premium to the end-December 2010 valuation.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories