MANCHESTER Fort shopping park has been sold by the Liverpool-based pension fund manager Universities Superannuation Scheme for £101m.

The North Manchester retail park has been sold to Henderson Global Investors on behalf of its UK Retail Warehouse Fund. The acquisition price reflects a net initial yield of around 7.1%, including rental guarantees.

As part of the transaction, USS will receive around £51m worth of new units that will be issued through the Warehouse Fund. The remaining £50m was raised ......for the full story register now for free or login below...