LONDON-Metric Property Investments plc has closed the acquisition of a retail unit in St. Albans. The UK retail specialist REIT acquired the unit at Alban Park for GBP 4.6 million from a group of Irish investors.
Metric will use its revenues to finance the acquisition. The 25,300-square-foot unit is entirely leased to Dunelm Mill. The Irish investors bought the retail unit in October 2006. Metric was advised in the deal by Strutt & Parker. For the full story, go to PropertyMall .
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