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LondonMetric purchases a regional distribution warehouse for £18 million

LondonMetric Property Plc has purchased a south coast regional distribution warehouse for £17.8 million (c. €19.3 million), reflecting a NIY of 9.0%. The 298,600 sq ft warehouse is located in Bognor Regis along the new bypass, four miles from the A27. It is let for a further two years at a rent o[…]