LondonMetric Property has bought two retail warehouses through its Metric Income Plus Limited Partnership joint venture with Universities Superannuation Scheme.
It bought a B&Q warehouse in Hull and a Wickes warehouse in Dartford for a total of £18.4m, with purchases costs evenly divided.
The 71,000 sq ft Hull warehouse was bought from Stobart Group and Roebuck Asset Management for £9.4m, a yield of 7.5%.
