LICHFIELD, UK-Metric Property Investments plc has acquired Lichfield Retail Park in Lichfield for GBP 11 million, representing 6.6% net initial yield. The 45,000-square-foot retail center has been bought from Aviva Investors on behalf of a GBP 150 million joint venture of Metric and Universities Superannuation Scheme called Metric Income Plus Limited Partnership. Wickes is the anchor tenant of the park.
Carpetright, Pets at Home, Sleepmasters and Halfords are the other tenants of the retail park. For the full story, go to Europe Real Estate .
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