LondonMetric Sells Travis Perkins Distribution Facility In Brackmills For £14.4 Million
20 April 2015
LondonMetric Property Plc announces that it has exchanged on the sale of its 170,000 sq ft Travis Perkins distribution facility in Brackmills, Northamptonshire to CBRE Global Investors for £14.4 million, reflecting a NIY of 5.5%.
The property was acquired in November 2013 for £9.0 million with four months remaining on the lease. LondonMetric re-geared the lease on a new ten year term at a yield on cost of 8.0%.
The full announcement can be found in the attached file.