LondonMetric swaps unwanted LXi retail assets for urban warehouses
LondonMetric Property has sold seven properties in separate transactions for £31.3m, reflecting a blended NIY of 7.0% and a 3% profit over prevailing book values. They include £18.3m of non-core LXi REIT assets, which have been sold at 5% ahead of prevailing book values. The sales comprise: A 106,000 sq ft Asda foodstore in Scotland … Continue reading LondonMetric swaps unwanted LXi retail assets for urban warehouses
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