LondonMetric Property sells four long income and leisure assets for £34 million

LONDON, UK: LondonMetric Property Plc has sold four assets, in separate transactions, for £34.2 million (LondonMetric share: £25.2 million), reflecting a blended NIY of 4.1%. The combined sale price is 35% above LondonMetric’s 30 September 2021 book value, representing 125bps of yield compression. The assets comprise: ·     a 32,000 sq ft grocery store in Ashford,…