JLR supplier’s warehouse sold in £57m deal
Property investor LondonMetric has sold six distribution warehouses for £57.3m after it received "strong approaches" to sell.
The properties have been sold to Canmoor and Canadian institutional investor AIMCo. It will crystallise an £8.8m profit on cost for LondonMetric.
The disposal includes JLR supplier Groupo Antolin's 120,000 sq ft site in Huyton, which LondonMetric acquired in 2017.
Andrew Jones, chief executive of LondonMetric, said: "The attractive demand/supply dynamics in distribution and the increasing weakness in... 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...
