LondonMetric Property Plc has exchanged on the sale of five assets in two transactions for £34.8 million (€39.6 million/$42.8 million).
The new owners were not disclosed.
Four of the assets have been sold as a portfolio for £25.5 million (€29.0 million/$31.4 million). The properties include 82,000 square feet in Coventry; 42,000 square feet in Warrington; 37,000 square feet in Golden Cross, Birmingham; and 37,000 square feet in Redfern, Birmingham.
In a separate transaction, LondonMetric has sold an additional 91,000-square-foot unit in Coventry for £9.3 million (€10.6 million/$11.5 million).
“These assets have performed well since acquisition and support our early macro call into urban logistics,” said Andrew Jones, chief executive of LondonMetric. “Our disposals over the last 12 months now total £250 million [€284 million/$308 million], and we will continue to seek out new urban and regional warehouse opportunities where we ca
