londonmetric news and archive

LondonMetric sells Ipswich retail park

LondonMetric has sold its retail park in Martlesham Heath in Ipswich for 22 million pounds to an unnamed “long-term investor”. The 48,000 square foot retail park, which houses retailers including Marks and Spencer, Mountain Warehouse and Shoe Zone, was acquired by LondonMetric in 2013 for 10.4 million pounds. The park is now fully let with...

Business

LondonMetric sells three retail assets

Retail property firm LondonMetric has sold three retail parks in Christchurch, Bedford and Maidstone for 60.9 million pounds. The 104,000 square foot retail park at Christchurch, purchased back in 2013 for 27.1 million pounds, was sold to Orchard Street Investment Management for 34.5 million pounds at a net initial yield of 5.65 percent. While...