Login

L&G buys Chelmsford's The Meadows

Legal & General Property has bought The Meadows Shopping Centre, Chelmsford, Essex, from Lend Lease for £56.1m, reflecting a net initial yield of 7.75%.
CoStar News
December 7, 2011 | 2:59 P.M.

The in-town shopping centre asset has been acquired on behalf of LGP’s UK Property Income Fund, which reached its final close last month with a total geared investment capacity of circa £475m.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In