LondonMetric makes logistics double acquisition

Cambridge Commodities warehouse

LondonMetric has acquired two recently developed urban logistics warehouses for a combined £23.5m reflecting a blended net initial yield of 4.9%, rising to 5.6% after five years.

Totalling 128 000 sq ft with an average lease length of 13 years, the assets comprise a 48,000 sq ft warehouse in Avonmouth let to CHEP and an 80,000 sq ft scheme in Cambridgeshire let to Cambridge Commodities.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now