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Schroders’ Regional Office Property Unit Trust acquires St Patricks House in Cardiff

The Regional Office Property Unit Trust, advised and managed by Schroder Real Estate, has acquired St Patrick's House on 17 Penarth Road in Cardiff city centre for £14.155 million (c.€16.04 million) from Hodge Bank. The price reflects a net initial yield of 7% and a capital value of £281 (c. €[…]