M&A

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.

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