LondonMetric sells two properties for combined £11.1m
LondonMetric Property
203.20p
16:59 28/03/24
1.70%
3.40p
LondonMetric Property has sold two properties let to Marks & Spencer and Wickes in Derby for a combined £11.1m to unnamed buyers.
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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.