Jul 18 2013
LondonMetric exchanged on a portfolio of two retail warehouses in Cardiff and Milton Keynes from clients of JP Morgan Asset Management for £25.8 million, reflecting a combined net initial yield of 8.0%. In Milton Keynes, Westcroft Retail Park totals 75,600 sq ft of Open A1 space (including food) and in Cardiff, Seager Retail Park totals 33,800 sq ft of bulky goods consented space. The acquisitions will be funded from existing resources.
The full announcement can be found in the attached file.
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