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

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.

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