Sep 15 2014
LondonMetric announces one acquisition on behalf of MIPP, and the disposal of two wholly owned assets, with a total transaction value of £23.4 million. At Liskeard, MIPP acquired Liskeard Retail Park in Cornwall for £9.0 million, reflecting a NIY of 6.2%. At Crawley, LondonMetric completed the disposal of its Forest House office for £12.9 million, reflecting an exit yield to LondonMetric of 6.7% and at Launceston, LondonMetric completed the disposal of the Carpetright and Topps Tiles units for £1.5 million, reflecting an exit yield of 7.0%.
The full announcement can be found in the attached file.
Download