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LondonMetric acquires two urban logistics warehouses for £39m

12/01/2021 Comments (0) Views: 23 Birmingham, Deals, Home, Industrial, Manchester/Liverpool North West

LondonMetric acquires two urban logistics warehouses for £39m

LondonMetric Property Plc has acquired two urban logistics warehouses in Manchester and Birmingham for £39 million, reflecting a blended yield on cost of 4.25%. LondonMetric said the newly built warehouses are let for 15 years at an average rent of £6.60 psf and benefit from RPI linked rent reviews. […]

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