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Metric has created a £150 million joint venture with USS known as Metric Income Plus Partnership (MIPP) whose objective is to acquire small, higher yielding, income focussed retail parks and solus units ranging in value from £2 million to £20 million with a target portfolio yield on cost in excess of 7%. USS has committed an initial £50 million of equity with Metric committing £25 million for a one-third equity stake.

The full announcement can be found in the attached file.

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