LondonMetric Property has exchanged on the sale of five assets for £42.8 million (€50.1 million/$54.5 million).
Three of the assets have been sold individually for £25.3 million (€29.59/$32.21 million). They include a 58,000-square-foot long-income asset in Durham let to LIDL and The Range, which sold for £14.1 million (€16.6 million/$18.1 million; a 28,000 square-foot urban warehouse in Croydon let to HTC, which sold for £8.1 million (€9.5 million/$10.3 million); and a long-income property close to London Bridge, which sold for £3.1 million (€3.6 million/$3.9 million).
The other two assets are urban warehousing estates that have been sold as a portfolio for £17.5 million (€20.5 million/$22.3 million), includes 34,000 square feet in Croydon across 17 units, and 8,000 square feet in Oxford across eight units.
“We continue to see good liquidity for our assets at prices in line with current book values,” said Andrew Jones, chief executive
