Edgerley Simpson Howe LLP

S - Skip to Page Content

Recent investment Transaction

BlackRock motor out of North Shields

18th March 2011

The BlackRock UK Property Fund has sold the Wickes located on Middle Engine Lane, North Shields to LaSalle Investment Management for £5.15 million, a net initial yield of 6.75%. The property comprises 28,200 sq ft and is let for a further seven years at a passing rent of £368,400 per annum (£13.06 per sq ft). Edgerley Simpson Howe LLP advised The BlackRock UK Property Fund.