Londonmetric sells Primark warehouse for £102 million
LONDON, UK: LondonMetric Property Plc has exchanged on the sale of its distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for £102 million, reflecting a NIY of 4.1%. The 785,000 sq ft warehouse is let to Primark for another 11 years at a rent of £4.4 million pa. LondonMetric acquired the property in 2013 for…