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LMP : London Metric buys Dixon Carphone distribution centre
London Metric Property is paying £68.5m to acquire a 726,500 sq ft distribution centre in Newark leased to Dixons Carphone. The unit is let at a rent of £4.5m per annum with five yearly fixed uplifts to 3.0% pa compounded, and has an unexpired lease term of 18.8 years.
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