LondonMetric completes £120m deal, acquires £70m in warehouses and sells £50m non-core assets.
LondonMetric Property PLC has completed a £120 million transaction involving £70 million in warehouse acquisitions and £50 million in non-core asset disposals. The acquisitions include seven warehouses with a 15-year average lease term and an initial yield of 5.8%, expected to rise over time. The disposed assets achieved a yield of 7.2%. The company aims to reinvest proceeds into high-quality properties to enhance income growth.
September 02, 2024
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