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BRIEF-Londonmetric Property acquires three urban logistics warehouses for 24 mln pounds
May 31, 2017 / 6:27 AM / 3 months ago

BRIEF-Londonmetric Property acquires three urban logistics warehouses for 24 mln pounds

May 31 (Reuters) - Londonmetric Property Plc

* Three urban logistics warehouses acquired for 24 mln pounds

* ‍purchase price reflects a blended yield of 6.0% and a reversionary yield of 6.8%. Wault is 11.7 years​

* ‍londonmetric was advised by cogent real estate and ftd johns on crawley, by Levy on coventry and by jll on huyton​

* ‍lambert Smith Hampton and CBRE acted for vendors on coventry and huyton respectively​ Source text for Eikon: Further company coverage:

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