LondonMetric in £55m portfolio buy


LondonMetric has bought ten single let properties for £55m from the ACT Foundation.

The portfolio consists of nine urban logistics assets totalling 340,000 sq ft and a retail store let to Wickes for a further 14 years. Around 50% of the assets are located in London and the South East, with a further 35% located in the Midlands. Two of the assets representing 20% of estimated rental value (ERV) are located in Park Royal and Greenford.

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