Finance

LondonMetric swaps Warrington cinema for logistics asset in Milton Keynes

By 2018-07-11T07:15:00

Warrington Odeon

Source: reviewrants.wordpress.com

LondonMetric Property has sold an Odeon Cinema in Warrington for £13.7m to an institutional pension fund, reflecting a NIY of 4.8%.

At the same time, the group has also announced it the acquisition of an urban logistics asset in Milton Keynes for £12m, reflecting a deemed NIY of more than 5%.

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