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M7 sells 77,000 sq ft retail warehouse to Urban Logistics REIT
M7 Real Estate has sold a retail warehouse in Edinburgh to Urban Logistics REIT for approximately £13.2 million, on behalf of the M7 Box+ II fund. The sale represents a net initial yield of 6.2%.
The asset, in Milton Link, comprises c. 77,000 sq ft and is occupied by The Range, the retailer, and als...