By Frank Prenesti
Date: Friday 23 Apr 2021
LONDON (ShareCast) - (Sharecast News) - LondonMetric Property has sold two properties let to Marks & Spencer and Wickes in Derby for a combined £11.1m to unnamed buyers.
The sale represents a blended net initial yield of 6% and a 7% surplus to the last reported book value.
One property is a M&S Foodhall, sold to an overseas private investor for £6.2m and the other a Wickes store, purchased by an overseas property company for £4.9m.
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52 Week High | 210.40 |
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Volume | 2,708,927 |
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Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 4 |
Buy | 4 |
Neutral | 5 |
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