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LondonMetric acquires East London distribution facility for £56.5 million

LondonMetric Property Plc has exchanged on the acquisition of the 410,000 sq ft Eddie Stobart distribution facility in Dagenham from Meaalofa Developments Holdings Limited (a JV between Sheikh Holdings and Landid, funded by Longbow) for £56.5 million, reflecting a 5.10% NIY. The acquisition will be funded from existing resources.…

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