Finance

LondonMetric buys M62 distribution warehouse

By 2019-08-19T06:24:00

Andrew Jones

LondonMetric has agreed to purchase and fund a new 232,000 sq ft distribution warehouse for £24m, reflecting a yield on cost of 5.2%.

The warehouse has been pre-let to Croda, the FTSE 100 chemical company, on a 20 year lease at a rent of £1.3m a year.

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