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NFU Mutual acquires Newcastle retail investment

NFU Mutual Insurance Society has acquired the freehold of a Sainsbury’s and a Peugeot dealership in Benton Road, Newcastle Upon Tyne from Hanro Ltd for £44.5M, representing a blended initial yield of 5%.
By Alistair MacPherson
November 4, 2015 | 4:33 P.M.

The properties are situated in affluent suburb Heaton, two miles from Newcastle city centre and on the A1058 trunk road.

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IN THIS ARTICLE


  • Properties
    • Sainsburys

      Etherstone Ave, Newcastle Upon Tyne, TWR