LondonMetric Property has purchased five urban logistics warehouses for £25.6m, and sold a regional warehouse in Doncaster for £15m.
The deal for the five urban logistics warehouses reflects a blended net initial yield of 5.0% which rises to 5.6% over the next five years.
The sale of the Doncaster shed reflects a net initial of 6.2%. It was acquired by LondonMetric in 2014 for £13m, at a yield of 7.3%.
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Including:
Majority of boroughs did not start a single residential development in the first quarter of this year
The deals at Korol’s Mansel Court set a fresh benchmark at £56.50 per sq ft
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The consultancy reports double-digit earnings growth in Q1 2025
