LondonMetric has announced the acquisition of two urban logistics warehouses in Manchester and Birmingham for £39m, reflecting a blended yield on cost of 4.25%. The newly built warehouses are let for 15 years at an average rent of £6.60 per sq ft and benefit from RPI linked rent reviews.
LondonMetric Bags Urban Logistics Assets in Manchester and Birmingham for £39M
Warehouses Let for 15 Years to LSE Group Holdings and ERIKS
By Sharon Smyth
CoStar NewsJanuary 12, 2021 | 7:22 AM
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