Derwent Holdings, the property company owned by Welsh multi-millionaire Albert Gubay, has acquired the 13,000-m[sup]2[/sup] Alban retail park in Warrington in the UK from Blackrock for £40 mln (EUR 44.5 mln). Property Week said the yield was about 6.5%. Yarnold & Partners advised Blackrock, while Taylor & Company acted for Derwent Holdings.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
