Jan 20 2011
Metric has completed the acquisition of a PC World store located on Old Shoreham Road, Hove from Aviva Investors Ltd for £8.05 million, reflecting a net initial yield of 5.7%. The standalone PC World provides 19,300 sq ft of retail space with an additional unimplemented planning consent for a further adjoining 10,000 sq ft retail unit. Metric will use its existing cash resources to finance the purchase.
The full announcement can be found in the attached file.
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