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LondonMetric acquires two NNN retail assets for £23 million

LondonMetric Property Plc has acquired a portfolio comprising two NNN retail assets for £23.3 million, reflecting a blended NIY of 6.7%.

The properties generate a rent of £1.6 million p.a., which equates to £13.90 psf. They have a WAULT of six years and comprise:

• a 76,000 sq ft property in...