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.