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Londonmetric sells four long income and leisure assets for £34m

LondonMetric Property has sold four assets, in separate transactions, for £34.2 million, reflecting a blended NIY of 4.1%.

The combined sale price is 35% above LondonMetric’s 30 September 2021 book value, representing 125bps of yield compression. The assets comprise:

- a 32,000 sq ft grocery s...