Edgerley Simpson Howe LLP

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Recent investment Transaction

Scottish Widows Sell Next, Weston Super Mare

15th June 2011

Scottish Widows Unit Funds Ltd, advised by Edgerley Simpson Howe LLP, have sold the Next unit at Searle Crescent, Weston Super Mare to The Representative Body of the Church of Wales for £3.95 million, a net initial yield of 5.5%.

The property comprises 18,874 sq ft and is let for a further 8 years at a passing rent of £12.02 per sq ft.