LondonMetric sells £21.9m retail park

LondonMetric Launceston Retail Park

LondonMetric Property has sold its retail park in Launceston for £21.9m, reflecting a net initial yield of 5.6%.

The property, which has generated a profit on cost of 13% and an ungeared return of 7% a year, was sold to a long term investor above March 2018 book value.

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