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AEW UK REIT acquires retail warehouse unit in Preston

AEW UK REIT plc has completed the purchase of a freehold solus retail warehousing unit in Bamber Bridge, Preston for £6,450,000, reflecting a low capital value of £110 per sq ft and an attractive net initial yield of 9.5%.

The 58,696 sq ft unit is single-let to Matalan Retail Limited and has anothe...