GE off-loads retail assets to private investors
11 January 2008 15:26
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GE Real Estate has sold two North West retail investments to private investors in deals totalling £17m, at yields below 5%.
A 15,499 sq ft building in Chester occupied by Oasis and Vision Express sold for £8m.
In the second deal, a parade of 13 shops with offices above sold for £8.9m in Wilmslow. Tenants include Argos and Jaegar.
GE was represented by NB Real Estates on both sales, jointly with Christopher Dee & Co in Wilmslow. Briant Champion Long represented the buyer in Chester.
