M&G Investments has emerged as the buyer of a 736,708 sq ft (68,500 m2) prime distribution unit in Peterborough, UK from Fiera Real Estate UK. The asset was sold for £120 mln (€144 mln), reflecting a net initial yield of 3.2%.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
