LondonMetric Property has bought a shed in Wakefield for £9.5m and a last-mile distribution warehouse in Dartford for £6.3m at a combined yield of 5.8%.
In Wakefield, the 120,000 sq ft warehouse is let for 6.2 years to One Stop Stores, a subsidiary of Tesco. The next open market rent review is in April 2018.
At Dartford, the 49,000 sq ft last-mile warehouse was built in 2003 and is let to Antalis, a European paper and packaging distributor, on a new 10-year lease with a break clause.
JLL acted for LondonMetric and DTRE acted for the vendor on Wakefield. Strutt & Parker advised on Dartford.
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