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LondonMetric Property acquires two urban logistics warehouses for £23.5 million
LondonMetric Property has acquired two urban logistics warehouses for £23.5 million (c. €26.2 million), reflecting a blended NIY of 4.9% and rising to 5.6% after five years. The average lease length is 13 years. A 48,000 sq ft warehouse has been acquired in Avonmouth, let to CHEP at a rent…