Chester freeholds sold

The Universities Superannuation Scheme has sold the freehold investment in 47-69 Foregate Street, 36-42 Frodsham Street and 1-5 Frodsham Square in Chester to Scottish Mutual Assurance for£37 million. The price reflects a net initial yield of 6 per cent. DTZ Debenham Tie Leung acted on behalf of USS and Morgan Williams represented Scottish Mutual.