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Knight Frank Investment Management buys Chester's The Exchange

Knight Frank Investment Management has bought The Exchange in Chester from Opus Land for £8.875m, representing a net initial yield of 7.30%.
CoStar News
January 22, 2014 | 8:11 P.M.

The scheme is anchored by a 60-bed Travelodge Hotel, with other leisure tenants including Pizza Express and Pitcher & Piano. The property offers a weighted average unexpired lease term of 14.5 years and generates an income of £686,801 pa.

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