Transactions - DECEMBER 20, 2019

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LondonMetric sells four distribution assets for £145m

by Released

LondonMetric Property Plc has sold two mega-box warehouses and two regional distribution warehouses, in three transactions, for a combined consideration of £145.3 million ($190 million).

In Newark, it has sold a 726,000-square-foot mega-warehouse to an international investor for £80.8 million ($105 million). The asset was acquired in 2014 for £68.5 million ($89.3 million) and is let to Dixons Carphone.

In Doncaster, two distribution assets have been sold to an overseas buyer for £51.2 million ($66.8 million). They comprise a 330,000-square-foot mega-warehouse that was acquired in 2015 for £29 million ($38 million) and is let to Next; and a 176,000-square-foot regional warehouse that LondonMetric’s DFS joint venture acquired in 2013 for £16.6 million ($21.7 million) and is let to DFS.

In Rotherham, a 152,000-square-foot regional distribution warehouse has been sold to a global investor for £13.3 million ($17.4 million).  The warehouse was acquired in 20

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