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LondonMetric sells Odean Cinema and acquires an urban logistics asset

LondonMetric Property has sold an Odeon Cinema in Warrington for £13.7m. The asset comprises ten screens across 36,000 sq ft. It formed part of a portfolio of ten Odeon Cinemas acquired in 2013. The sale reflected a net initial yield of 4.8%. The company reinivest the capital into an urban logistic[…]