15 Feb 2011
Henderson UK Property Unit Trust invests £30m, advised by LG
The Henderson UK Property Unit Trust has invested almost £30m in the first month of 2011, boosting the distributable yield on the fund to 4.6%.
Assets acquired by the fund include the 65,000 sq ft Keighley retail park in West Yorkshire, bought from Liverpool Victoria for £14.2 million and a shed in Warwick, let to dustbin lorry maker Dennis Eagle for 19 years, bought from Valad for £8m – a 7.5% yield.
Last month, the unit trust also sold a Morrisons store in Chelmsford, Essex, to the supermarket operator for £11.5m - a 3.5% yield.
Robert Adam, real estate partner, Lawrence Graham LLP ("LG"), said: "Henderson has started the year with a number of fantastic deals and we are delighted that through our close working relationship with the fund, we have been able to help them achieve their strategic aims."
LG advised Henderson in all transactions.