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LondonMetric sells Worcester property for ?6.2m
13th Jan 2020 07:39
(Sharecast News) - LondonMetric Property said it had sold an office park in Worcester for £6.2m, reflecting a net initial yield of 6.7%.
The disposal price is 4.3% above acquisition cost and 2.5% above book value, the company said on Monday. The remaining office portfolio from LondonMetric's Mucklow purchase last June now totals nine investments and is valued at £55m.
Completion of the disposal has been delayed until the end of March.
The disposal price is 4.3% above acquisition cost and 2.5% above book value, the company said on Monday. The remaining office portfolio from LondonMetric's Mucklow purchase last June now totals nine investments and is valued at £55m.
Completion of the disposal has been delayed until the end of March.