07:00 Fri 11 Sep 2020
LondonMetric - DISPOSAL OF SIX WAREHOUSES FOR £57.3M

disposAL of six warehouses for
The portfolio has been acquired over a number of years, including last year's acquisition of
The properties are let to retailer
The disposal will crystallise an
Completion of the sale is delayed until
"The attractive demand: supply dynamics in distribution and the increasing weakness in legacy sectors is attracting substantial capital into the logistics sector from both new and existing investors.
"Whilst we seek to avoid unnecessary asset turnover, we will always take advantage of strong approaches for our assets. These proceeds will be reinvested into other quality opportunities in the strongest geographies where rental growth over the long term will be superior."
LondonMetric was advised by
-Ends-
For further information, please contact:
Tel: +44 (0) 20 7484 9000
FTI Consulting
Londonmetric@fticonsulting.com
Tel: +44 (0) 20 3727 1000
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