Londonmetric goes on warehouse buying spree

Warehouse

LondonMetric Property has paid £18.7m for three urban logistics warehouses in Croydon, Dunstable and Warrington.

The deals reflect a blended net initial yield of 4.3% and a reversionary yield of 5.3%. The warehouses, which have been acquired in separate transactions, have an weighted average unexpired lease term of five years.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue