Property News - Hunter swoops in Telford

LxB Properties, the new out-of-town vehicle for the ex-Grantchester management team and Tom Hunter's West Coast Capital, has bought the Telford Bridge Retail Park in Shropshire from The Hercules Unit Trust for£45.6 million. The price reflects a net equivalent yield of 6.25 per cent. The 15-unit scheme has open A1 non-food planning consent and is fully let. Hercules was represented by FPDSavills. LxB was advised by Wilkinson Williams.