LondonMetric acquires distribution warehouse

LondonMetric Property has acquired a distribution warehouse in Stevenage for £7.3m at a NIY of 6.25%. The 74,000 sq ft distribution warehouse is located immediately adjacent to the A1(M), on an established South East distribution park.

The unit is let to Dixons Carphone for a further 9 years at a rent of £6.50 psf with a break clause in 4 years.

Story provided by StockMarketWire.com