LondonMetric sells Worcester property for £6.2m
LondonMetric Property said it had sold an office park in Worcester for £6.2m, reflecting a net initial yield of 6.7%.
The disposal price is 4.3% above acquisition cost and 2.5% above book value, the company said on Monday. The remaining office portfolio from LondonMetric's Mucklow purchase last June now totals nine investments and is valued at £55m.
Completion of the disposal has been delayed until the end of March.