Mar 26 2014
LondonMetric announces on behalf of its joint venture, that it has completed on its acquisition of 27 DFS assets from the administrator for a purchase price of £175 million, reflecting a net initial yield of 9.3%. LondonMetric owns a 30.5% interest in the Joint Venture. Simultaneously with the closing of the transaction, the Joint Venture has sold ten of the portfolio assets in three separate transactions for a total consideration of £47.1 million, reflecting an overall net initial yield of 8.6%.
The full announcement can be found in the attached file.
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