LondonMetric - £11.6m of Long Income Acquisitions
The first transaction comprises a sale and leaseback portfolio of five roadside service centres in
LondonMetric has also purchased, via a forward funding contract, a prominent new build roadside asset in Rushden for
Together, these assets have a WAULT of 17 years and all benefit from contractual rental uplifts.
Separately, LondonMetric has completed the
"We continue to actively acquire long income properties in good locations that offer attractive triple net income and certainty of income growth. These assets are let on very long leases to strong covenants with whom we have established relationships and, following our recent equity fundraising, we are in legals on a number of other opportunities with similarly attractive characteristics."
Cushman & Wakefield acted for Kwik Fit on the sale and leaseback portfolio.
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