Leeds distribution warehouses acquired in multi-million pound deal

LondonMetric Property has snapped up two “well located” last mile distribution warehouses in Leeds for £12m.

The investor has bought a new 100,000 sq ft warehouse on the Leeds ring road, close to the M1. The warehouse was completed in January 2017 and let to Vision Alert Automotives on a new 15 year lease at £5.00 per sq ft with open market rent reviews. The occupier is consolidating its operations and the new unit will serve as its UK headquarters.

LondonMetric has also acquir... For the full story register now for free or login below...