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LondonMetric sells 229,000 sq ft DHL distribution warehouse for £61 million

LondonMetric Property Plc has exchanged on the sale of its distribution warehouse in Reading to EQT Exeter for £60.6 million.

The 229,000 sq ft warehouse is let to DHL. LondonMetric acquired the property in 2015 with ten years on the lease for £29.1 million, reflecting a NIY of 5.7%. Since acquisit...