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Londonmetric sells €38m of long income assets
LondonMetric Property Plc has sold seven long-income assets for £33.9 million (€38 million/$40 million).
The assets include:A 19,000-square-foot Aldi store in Weymouth, sold for £6.8 million (€7.6 million/$8.1 million) A 53,000-square-foot urban warehouse let to Restore Scan in Salford, sold for £6.6 million (€7.4 million/$7.8 million) A 42,000-square-foot self-storage unit in Oldbury, sold for £5.7 million (€6.4 million/$6.75 million) A 16,000-square-foot Premier Inn in Ringwood, sold for £8.65 million (€9.7 million/$10.24 million) A 22,000-square-foot trade unit let to Jewson in Littlehampton, sold for £4 million (€4.49 million/$4.73 million) A portfolio of two IMO car washes sold for £2.2 million (€tk million/$2.6 million)
“With the investment market strengthening over the past few months, we have taken advantage of this improved liquidity to opportunistically sell down some of