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Praxis sells flagship Uniqlo store in Glasgow to Remake for £9m
Praxis has completed the sale of a trophy retail asset on Glasgow’s Argyle Street to Remake, a French SCPI. The asset was sold for £9 million, reflecting a net initial yield of 7%.
The unit is a flagship store leased to global fashion retailer Uniqlo on a 10-year term. The sale follows the tenant'...
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