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.

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