Overseas investors make £11m Derby property swoop

Two Derby commercial property units have been sold to overseas investors for a combined total of £11.1m.

LondonMetric has sold premises let a 15,000 sq ft M&S Foodhall and 34,000 sq ft Wickes store in the city.

Andrew Jones, chief executive of LondonMetric, said: “These disposals reflect the growing demand for good quality long income real estate, for which we continue to receive attractive approaches.”

“We constantly look to re-balance our portfolio and will recycle the sale proceeds into opportunities in strong geographies that provide certainty of income and income growth.”