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LondonMetric Acquires Tesco “Last Mile” Distribution Warehouse For £21.1 Million

06 January 2015

LondonMetric Property Plc has completed on the acquisition of the Tesco.com Distribution Centre in Croydon from CBRE Global Investors. The purchase price is £21.1 million (net of acquisition costs), reflecting a net initial yield of 5.50%. The acquisition will be funded from existing resources.

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