LondonMetric sells UK retail parks for 5.7% yield

By Cormac Mac Ruairi 2015-10-02T00:00:00

UK REIT LondonMetric Property has sold its Westcroft retail park in Milton Keynes for £27.2 mln (€37 mln) and its Mountbatten retail park in Southampton for £16.2 mln, reflecting a blended net initial yield of 5.7%.

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