- June 1, 2011: Vol. 5, Number 6

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Orchard Street Buys in United Kingdom


Orchard Street Investment Management LLP has acquired a UK shopping centre for £22.25 million (€25.0 million) from RREEF, which held the property on behalf of RREEF UK Retail Property Ltd. Orchard Street acquired Market Walk Shopping Centre in Chorley on behalf of its UK Special Situations Fund. The 9,570-square-metre centre was purchased at a net initial yield of 7.5 percent.


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