Mar 24 2014
LondonMetric has exchanged contracts to acquire the Oak Furniture Land Distribution Centre in South Marston Park, Swindon from IM Properties, a privately owned property company. The purchase price is £22 million (net of acquisition costs), reflecting a net initial yield of 6.5%. The acquisition will be funded from the Group’s existing resources. The warehouse is Oak Furniture Land’s National Distribution Centre catering for its significant online business and its 50 out of town stores.
The full announcement can be found in the attached file.
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