Oct 25 2012
Metric has exchanged on the acquisition of Lichfield Retail Park, Lichfield from Aviva Investors for £10.95 million (net of acquisition costs), reflecting a net initial yield of 6.6%. The 45,000 sq ft scheme, anchored by Wickes has average rents of £17.10 psf and a weighted average unexpired lease term of 14.6 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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