SEPUT buys Ipswich park

Annabel Dixon 05/02/2010 13:57

The Schroder Exempt Property Unit Trust has bought Interchange retail park in Ipswich from Scottish Widows Investment Partnership for £13.2m – a 6.75% yield.

The retail park comprises 61,000 sq ft and produces rental income of £944,150 pa.

Montagu Evans acted for SEPUT; Edgerley Simpson Howe advised SWIP.

annabel.dixon@estatesgazette.com