Finance

LondonMetric sells two M&S stores and buys retail scheme in Durham

By 2018-07-02T07:36:00

M&S Durham

LondonMetric has sold two M&S convenience stores for £10.7m and purchased a convenience development in Durham pre-let to Lidl for £13.3m.

The 58,000 sq ft convenience development in Durham has been acquired via a forward funding contract with Kier Property. It is pre-let to Lidl and The Range for 20 years, at £13 / sq ft, and will generate £800,000 of annual income.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue