LondonMetric sells two properties for combined £11.1m

LondonMetric Property has sold two properties let to Marks & Spencer and Wickes in Derby for a combined £11.1m to unnamed buyers.

The sale represents a blended net initial yield of 6% and a 7% surplus to the last reported book value.

One property is a M&S Foodhall, sold to an overseas private investor for £6.2m and the other a Wickes store, purchased by an overseas property company for £4.9m.