Two deals in two days for busy SLI

STANDARD Life Investments (SLI) yesterday went shopping for a retail park near Harlow, in Essex, in a £10 million deal.

The Edinburgh-based asset manager bought the Ascent Park development – which is home to brands including Safestore, Screwfix and Multi-tile – from the commercial property arm of French insurer Axa. SLI said the purchase price represents a yield of 6.2 per cent.

The deal was the second in as many days for SLI following Monday’s sale of a pair of logistics parks in the Czech Republic and Poland developed in partnership with Panattoni.