LondonMetric acquires portfolio of 14 logistics warehouses for €128.6 million

LondonMetric Property has acquired 14 urban and regional logistic warehouses for €128.6 million (£116.60 million) from Cabot Properties. The purchase price reflects a day one yield on cost of 6.1% and a reversionary yield of 6.6%. The 1.3 million sq ft of warehouses are in established distribution locations where there…