On behalf of LaSalle Investment Management, MMX Retail acquired the freehold interest of 121/123 Princes Street in Edinburgh. The building provided a new 30,000 sq ft flagship store for New Look over three floors. The upper floors are let to Premier Inn for its new flagship 97-bedroom hotel in the city.
New Look agreed a 20-year lease from September 2011. Premier Inn agreed a 19.5-year lease from February 2012.
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