LondonMetric buys three urban logistics warehouses for £19 million
LONDON: LondonMetric Property Plc (LON: LMP) announced the acquisition of three urban logistics warehouses in Croydon, Dunstable and Warrington for £18.7 million, reflecting a blended NIY of 4.3% and a reversionary yield of 5.3%. The warehouses have been acquired in separate transactions and have a WAULT of five years. In Croydon, a highly reversionary 28,000…