Pension firm buys Hunslet supermarket in £31m deal

Posted on 15th February 2018

Yorkshire property developer and investor Opus North has sold a Morrisons Supermarket in Hunslet to Aviva Staff Pension Trustee Limited. The transaction was completed for £31.3m, reflecting a net initial yield of 4.48%. Opus North acquired the asset in 2015 as part of a portfolio of assets from Morrisons and comprises an 80,000 sq ft foodstore let for a further 21.75 years with RPI linked rent reviews. The property sits within the Penny Hill district shopping centre of Leeds.


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