Aberdeen Standard puts £95m retail park trio up for sale

Aberdeen Standard Investments’ UK Property Fund has put three more retail parks on the market, in a bid to substantially cut its exposure to the sector. Although individually marketed, the fund aims to sell the parks in Beckton, Bristol and Reading as a portfolio for a combined £94.5m. It has appointed Montagu Evans to sell the properties. The largest of the three is its retail park in Beckton, E6, which is up for sale for £46m. A deal at this price would represent a net initial yield of 8.55%. It has nine retail warehouse units and two restaurant pods totalling