Feb 03 2011
Metric today announces its interim management statement for the period from 1 October 2010 to 2 February 2011.
HIGHLIGHTS:
Acquisitions
- Continued strong progress in sourcing attractive acquisitions, primarily off-market. Since 30 September 2010 a further six properties have been acquired for £63 million, five of which were off-market:
- Congleton Retail Park, South Manchester (£14.9m)
- Wick Retail Park, Scotland (£10.3m)
- Alban Retail Park, Bedford (£9.2m)
- Havens Head Retail Park, Milford Haven (£14.4m)
- Channons Hill Retail Park, Bristol (£6.3m)
- PC World Store, Hove (£8.1m)
- 90% of IPO net proceeds invested or committed to date.
Remaining purchasing firepower of c.£190 million (including anticipated debt) leaves Metric in a strong position to capitalise on investment opportunities arising in the market.
The full announcement can be found in the attached file.
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