Nov 24 2014
LondonMetric Property Plc announces that it has exchanged contracts on the sale of Bishop Auckland Shopping Park to Standard Life Investments for £23.6 million, reflecting a net initial yield of 5.27%. The former Focus unit and adjacent land was acquired for £2.3 million and developed by Metric Property Investments in two phases between 2012 and 2013 at a total cost of £15.8 million.
The full announcement can be found in the attached file.
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