LaSalle Investment Management has acquired a Morrisons supermarket asset on Outland Road in Plymouth for £22.5 million. The property has a total area of 62,000 square feet and sits on a six-acre site. The entire asset is leased to the supermarket chain Morrisons with 21 years remaining on the lease term. The transaction was completed on behalf of an existing UK Custom Account client.
Source: Press release sent 12th of October