LondonMetric buys portfolio for £78m

By Frank Prenesti

Date: Wednesday 25 Sep 2024

(Sharecast News) - LondonMetric Property said it had bought six single let urban UK logistics properties for £78m from an unnamed FTSE 100 pension fund.
The portfolio generates income of £4.8m a year, which is expected to rise to £5.8m over the next two years, the company said on Wednesday.

Separately, LondonMetric said it also sold a further office asset in Edinburgh for £6m.

Reporting by Frank Prenesti for Sharecast.com

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE