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LondonMetric Property sells five assets for combined £38.5m
StockMarketWire.com
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Real estate company said it had sold five assets for a combined consideration of £38.5 million, netting the company about £28.0 million.
Two retail assets in North Shields and Llanelli had been sold in separate transactions for a total consideration of £21.1 million, with the company receiving £10.6 million for its share in the properties.
In three further transactions, two offices and a retail unit in Birmingham had been sold for 17.4 million.
The five disposals crystallise an ungeared internal rate of return of 8% per annum.
Story provided by StockMarketWire.com
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