May 13 2013
LondonMetric announces it has exchanged on the acquisition of Martlesham Heath Retail Park, Ipswich from clients of JPMorgan Asset Management at a purchase price is £10.35 million, reflecting a net initial yield of 6.5% rising to 7.4% on conclusion of letting the vacant unit. At its shopping park development in St Austell, Cornwall, LondonMetric has exchanged terms with M&S for a new 50,000 sq ft full-line general merchandise store incorporating Simply Food.
The full announcement can be found in the attached file.
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