Oldbury Birmingam 1 min

LondonMetric acquires two urban logistics warehouses for £39m

LondonMetric Property Plc has acquired two urban logistics warehouses in Manchester and Birmingham for £39 million, reflecting a blended yield on cost of 4.25%. LondonMetric said the newly built warehouses are let for 15 years at an average rent of £6.60 psf and benefit from RPI linked rent reviews. […]

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