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

Taxi Dumbarton England
Taxi Dumbarton England
Landscape Dumbarton England
Landscape Dumbarton England

Latest Posts
Loch Lomonds
Loch Lomonds
Lying at the heart of this Park is 24-mile…
Drymen, Scotland
Drymen, Scotland
The Centre of Drymen Drymen owes its…
Pubs Near Loch Lomond
Pubs Near Loch…
Very nice resort, really friendly and…
Carriage Lodge Loch Lomond
Carriage Lodge…
Carriage Lodge is a house we re pleased…
Lodges on Loch Lomond with hot tubs
Lodges on Loch…
“These are really Luxury Lodges with…
Featured posts
  • Guest House Dumbarton England
  • Taxi Dumbarton England
  • Landscape Dumbarton England
  • Breakfast Argyll and Bute England
  • Cottages Alexandria England
  • Holidays Alexandria England
  • Day out with Kids Arrochar England
  • Landmark Loch Lomond England
  • Landmark Dumbarton Scotland
Copyright © 2018 l All rights reserved.