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Purchase of Colne Valley Retail Park

Purchase of Colne Valley Retail Park

First Alliance Properties has completed the purchase of Colne Valley Retail Park, in Watford in a joint venture with Evans Randall and an overseas investor, at a price of £37.75m, equating to 6.9% net initial yield.

This successful South East Open A1 retail park was purchased in an off-market corporate transaction at a discount to open market value.  The business plan is to undertake a programme of value-add initiatives and sell into an improved market.

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