Jan 31 2013
LondonMetric Property announces its first acquisition with the purchase of a portfolio of six retail warehouse assets. The total consideration is £92.4 million (net of acquisition costs) reflecting an average net initial yield after purchasers’ costs of 7.8%. The portfolio is being acquired from clients of Aviva Investors and the six out-of-town retail parks are all located within approximately 100 miles of London.
The full announcement can be found in the attached file.
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