Londonmetric sells two retail parks for £43.4 million
01 October 2015
LondonMetric Property Plc (“LondonMetric”) announces that it has sold its Westcroft retail park in Milton Keynes for £27.2 million and its Mountbatten retail park in Southampton for £16.2 million, reflecting a blended net initial yield of 5.7%. Both parks were purchased by large UK institutional investors.
The full announcement can be found in the attached file.