Warehouse landlord picks up TalkTalk-let data centre for £23.9m in duo of deals
Deal for six-asset retail and auto centre portfolio reflects a net initial yield of 5.9%
Acquisitions reflect a blended net initial yield of 5.1%
Kitty Patmore adds to finance expertise on company’s independent director line-up
Investor picks up assets in Birmingham and Manchester
LondonMetric CEO Andrew Jones is predicting robust demand for warehousing in the year ahead
The sales were agreed at 1.3% above March 2020 book value
LondonMetric has received 94% of rent for payments due up to 1 October.
Portfolio of six warehouses is being bought by AIMCo and Canmoor
The landlord said a further 3% of rents will be received imminently, with 2% in discussions
LondonMetric has completed a £62m sale and leaseback of five Waitrose supermarkets
Five Kwik-Fits among series of purchases made to support firm’s long-income strategy