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18.12.2009
Threadneedle has bought a 2,100 sq ft prime retail unit let to 3 Store at 102 Argyle Street, Glasgow for £2.1m from the BA Pension Fund.
The deal reflects a net initial yield of 7%. Ashley Layton of Gerald Eve who advised Threadneedle said: “Since the property has been under offer there has been a significant yield shift and the transaction now looks particularly good value compared to other similar recent transactions”.
Singer Vielle advised BA Pension Fund.
Gerald Eve, chartered surveyors and property consultants, make or save money from property - acting for around 40% of the FTSE100 on property asset management, agency and professional matters.
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