Property News - REIT sells Farley Centre

REIT Asset Management has sold The Farley Centre at West Bromwich to Cyclone Investments for£5.4 million, reflecting a net initial yield of 7.9 per cent. The 71,525 sq ft (6,645 sq m) property is held on a long lease. The investment produces an annual income of£451,350 a year. The vendor was represented by Lee Baron. 4D Property acted for Cyclone Investments.