LONDON-Metric Property Investments plc has closed the acquisition of a retail unit in St. Albans. The UK retail specialist REIT acquired the unit at Alban Park for GBP 4.6 million from a group of Irish investors.
Metric will use its revenues to finance the acquisition. The 25,300-square-foot unit is entirely leased to Dunelm Mill. The Irish investors bought the retail unit in October 2006. Metric was advised in the deal by Strutt & Parker. For the full story, go to PropertyMall .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.