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LondonMetric JV Acquires a NNN Retail Asset in South East London for £38 million

Dec 15 2022

LondonMetric Property Plc ("LondonMetric") has acquired a NNN retail asset from an open ended property fund for £38.0 million through one of its joint ventures (LondonMetric share: £19.0 million). This reflects an initial yield on cost to LondonMetric of 5.4%, rising to 5.7% upon completion of short term asset management initiatives.

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