Fashion house pays £20m plus for freehold

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Fashion retailer River Island has paid Gazeley and Land Securities in excess of £20m for the freehold of a 450,000 sq ft distribution centre at Magna Park, Milton Keynes.
The company will consolidate into the new building, which is expected to be completed for operational purposes in Spring 2009. Savills, Jones Lang LaSalle and Burbage Realty jointly advised Gazeley and Land Securities.

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