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Mayfair buys three regional assets for £17.5m

The Mayfair Capital Property Unit Trust has purchased three further assets in the year to May 2012, taking the portfolio to a total of 18 properties and increasing the NAV to £86m.
By James Wallace
June 11, 2012 | 3:24 P.M.

The purchases include two office buildings, one single let on Bristol Business Park and one multi-let in Surbiton; and a single let retail unit in Durham.  The combined purchase price of £17.5m provides a blended net initial yield of 7.8% to the fund.

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