Metro Bank snaps up city centre premises
Challenger bank Metro Bank has bought a 999-year lease on a Sheffield city centre property as it continues its Northern expansion plans.
Listed company London & Associated Properties has completed the sale of a 999-year lease at 58-64 Fargate Street, within the Orchard Square Shopping Centre, to Metro Bank.
London & Associated Properties stated: "The unit is currently let to River Island at £495,000 per annum and the net cash inflow from the sale is £9.5m, which will be used to pay down outstanding debt on the shoppi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...