Aug 23 2012
Metric completed its acquisition of a unit at Alban Park, St Albans for £4.6 million (net of acquisition costs), reflecting a net initial yield of 7.75%. The unit comprises 25,300 sq ft let in its entirety to Dunelm Mill at an annual rent of £375,000, with an unexpired lease term of 8.1 years. Metric will use its existing resources to finance the purchase.
The full announcement can be found in the attached file.
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