Nov 11 2013
LondonMetric exchanged on the acquisition of the Travis Perkins Distribution Centre in Brackmills, Northampton for £9.0 million, reflecting a net initial yield of 8.8%. The acquisition will be funded from existing resources. Separately, LondonMetric has completed with Travis Perkins the regear of three Wickes leases at Barnsley, Chatham and Oxford on behalf of its MIPP joint venture with USS, extending the average unexpired lease term from 7.3 years to 21.7 years.
The full announcement can be found in the attached file.
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