Orchard Street makes £35 million Hermiston Retail Park acquisition

Orchard Street Investment Management has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 (c.€39.77) million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%. Hermiston Retail Park benefits from convenient transport links, occupying the eastern side…