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Blackrock Buys in Enfield

Blackrock Real Estate has acquired the freehold interest in the Matalan at Mollison Avenue in Enfield from private overseas investors for a price of £10.4 million. The property extends to approximately 40,592 sq ft and is let to Matalan on a lease expiring in 2027. The purchase price reflected a net initial yield of 6.46%. Wilkinson Williams advised Blackrock.