Finance

LondonMetric buy logistics assets for £29m

By 2022-04-27T07:30:00

Boxes being carried on a forklift

Source: Fotolia

LondonMetric has paid £28.8m for two urban logistics properties in separate transactions.

The deals reflect a blended yield of 4.5% and a reversionary yield of 5%, and the properties are expected to generate an annual rent of £1.4m.

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