Parks in Dumbarton and Mintlaw

Park Dumbarton England

Legal & General Property (“LGP”) declares on the part of its UK Property Unit Trust (“PUT” / the “Fund”), one of several fastest growing funds in its industry, it has acquired St James Retail Park, Dumbarton, from British Land for £45.75 million, showing a net initial yield of 5.9percent.

Representing the sole considerable out of town shopping in Dumbarton, the home includes a dominant multi-let retail warehouse scheme totalling 169, 293 sq. ft. and anchored by a big Asda supermarket. Situated more or less 13 miles north-west of Glasgow, Dumbarton could be the main city in the region of Dunbartonshire in addition to administrative head office for the town.

Bringing the PUT’s financial investment in the market to over £100 million because the start of year, established in 2006 the Fund has exploded from £100 million to over £1.3 billion since inception. Equating to 35percent development annually typically, its among very few residential property funds inside sector that will continue to see steady inflow of capital from both Retail and Institutional investors. Delivering strong comes back, the Fund has outperformed the Lipper Property IMA Sector peers over one, three, and 5 years, with 1% per year outperformance across five years to January 2014.

Matt Jarvis, Fund management of place at Legal & General Property, responses: "The asset is a good exemplory instance of what the Fund is selecting inside retail warehouse industry. Dominating town's retail offer, it's let-off inexpensive rents to a solid and diverse tenant line-up, including ASDA, M&S Simply Food, Homebase and Frankie & Benny's, and will be offering extra asset management opportunities to drive future development prospects."

CBRE suggested British Land, and Strutt and Parker represented LGP.

Records to editors

Legal & General Property
Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment control (LGIM), among Europe’s biggest institutional asset managers and a major worldwide investor. LGIM manages about £443bn in possessions on behalf of over 3, 100 customers (30 September 2013) and products and solutions spanning all asset classes. LGP could be the third biggest institutional property fund supervisor inside UK, managing or co-managing 16 individual funds or automobiles as well as 2 segregated mandates with an aggregate asset worth of £11.6bn as at 30 September 2013. These funds feature:

Specialist Pooled Funds
The Leisure Fund Restricted Partnership; Industrial Property Investment Fund; Arlington Company Parks Partnership; and the English Cities Fund

Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Efficiency Retail Restricted Partnership and Warrington Retail Restricted Partnership

Well-balanced Funds
Lifestyle Fund; Related Pensions; Related Lifetime; Managed Fund; Property Unit Trust; British Property Income Fund; LPI Money Property Fund as well as the Crossbreed Property Fund.

Share this article

Related Posts

Park Dumbarton Scotland
Park Dumbarton Scotland
Cinema Dumbarton England
Cinema Dumbarton England

Latest Posts
Scottish Borders Bed and Breakfast
Scottish Borders…
The Scottish Borders could be the main…
Boutique B&B Glasgow
Boutique B&B…
We know Glasgow as a commercial powerhouse…
Bed and Breakfast Scotland Highlands
Bed and Breakfast…
Let Farm keep simply take you to definitely…
Bed and Breakfast Kirkwall Orkney Islands
Bed and Breakfast…
Laing home is a delightful standard home…
Luxury Hotels Near Loch Lomond
Luxury Hotels…
Imagine getting out of bed each morning…
Featured posts
  • Family activities Dumbarton England
  • Park Dumbarton Scotland
  • Cinema Dumbarton England
  • Landscape Dumbarton England
  • Bed and Breakfast Dumbarton England
  • Cafe Dumbarton England
  • Attractions Dumbarton England
  • Loch Lomond and Trossachs National Park vacancies
  • Loch Lomond National Park vacancies
Copyright © 2023 l All rights reserved.