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Orchard Street IM purchases Wellbar Central

Orchard Street Investment Management has bought the Wellbar Central office scheme on Gallowgate, Newcastle for just over £40m.
By Alistair MacPherson
January 12, 2016 | 12:00 P.M.

The deal for the prime city centre development, which derives 40% of its rental income from Sky UK, represents a net initial yield of 6%.

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News | Orchard Street IM purchases Wellbar Central