Jul 15 2013
LondonMetric has exchanged on two distribution warehouses in Bedford and Birmingham for a total consideration of £61.8 million reflecting a combined net initial yield of 7.2%. The acquisitions will be funded from existing resources. In Bedford, on the Argos Distribution Warehouse for £51.65 million, reflecting a net initial yield of 7.0% and in Birmingham, on the WH Smith Distribution Unit for £10.1 million, reflecting a net initial yield of 7.9%.
The full announcement can be found in the attached file.
Download