Belgian investor buys in Liverpool

A Belgian property investment company has acquired a retail site in Liverpool city centre.

Vabeld Real Estate has bought the freehold for 17-19 Church Street from the Friends Life Assurance Society for £7.15m.

It is understood the sale price represents a net initial yield of 5.75%.

The 9,500 sq ft property is let to Vodafone until June 2019.

Axa Real Estate sold the property on behalf of Friends Life Assurance Society.

Mason Owen acted for AXA Real Estate.

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