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AC Lloyd buys two stores in Worcester A.

C. Lloyd (Asset Management) Ltd has purchased two high street shops in Worcester from clients of Credit coach outlet coupons younkers Suisse Property Investor Management for 3.16 million representing a net initial yield of eight per cent.21:00, 27 MAY 2009Updated00:03, 31 MAY 2013Get daily updates directly to your inbox+ SubscribeThank you for subscribing!Could not subscribe, try again laterInvalid pink coach purse EmailA. C. Lloyd (Asset Management) Ltd has purchased two high street shops in Worcester from clients of Credit Suisse Property Investor Management for million representing a net initial yield of eight per cent.Located at 58 60 High Street, the two shops are let to Greggs and Alliance Leicester, and produce a rental income of per annum.Des Wynne, director of A. C. Lloyd, said: "This acquisition, funded from our own resources, represents a good return on capital from two good covenants in an attractive high street location."We hope to be able to add to our investment portfolio in the coming year principally in the retail and industrial sectors."Ben Kelly, of Jones Lang LaSalle's national investment team in Birmingham, who advised A. C. Lloyd, added: "The premises occupy a prime position and the upper floors offer redevelopment potential over the medium term.

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