The original phase was completed in 1996. It has 200,000 sf of retail warehousing plus a 212,000-sf Ikea store and units for Sainsbury's and Costco. The purchase will show British Airways Pension Fund a netyield of over 6% once a forthcoming rent review is completed inDecember.
Jones Lang LaSalle acted for British Airways Pension Trustees, while thevendor was represented by MontaguEvans.
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