Guardian sells 50% stake in Castle Meadow at 4.17% yield

Coal Pension Properties (CPP) has bought Guardian Assurance's 50% freehold interest in Castle Meadow retail park in Nottingham for £27.85m. The deal reflects an initial yield of 4.17%. The 14,060 sq m (151,343 sq ft) out-of-town scheme generates £2.45m pa.