LondonMetric Property has sold £61.8m of non-core and mature assets in separate transactions at a blended net initial yield of 6.1%.
The assets sold are: a multi-storey car park in Yorkshire let to Q-Parks and four pubs let to Stonegate, which sold for £21.7m; a multi-let industrial estate in Crawley, which sold for £21.4m; two retail assets let to Lidl and Wickes (£10.1m); and a logistics unit in Southampton, which was sold to an occupier for £8.6m.
Andrew Jones, chief executive of LondonMetric, said: “We continue to execute on our strategy of selling down non-core and mature assets with a further series of excellent disposals. The proceeds from the sales will be re-invested into sectors and assets that offer better income reliability and growth.”
