Jul 03 2014
LondonMetric announces that its MIPP joint venture with USS has exchanged contracts to acquire Trostre South Retail Park in Llanelli from Benesco, a charity, for £12.8 million, reflecting a net initial yield of 6.8%. LondonMetric has also completed its extension and equalisation agreement with USS to grow its ownership to 50.0% from 33.3% through further investment.
The full announcement can be found in the attached file.
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