skip to content


LondonMetric sells Marlow office for £68.5m

27 June 2017 07:41

LondonMetric Property has exchanged on the sale of its last remaining office asset in Marlow to Kildare Partners for £68.5m.

LondonMetric said the 231,000 sq ft office property was 96.7% let off a WAULT of 7.0 years to Allergan, Dun & Bradstreet, Lexington Catering, Icon Clinical and Aptos and the rental income was £4.9 million pa.

The property was acquired in 2012 for £50.2 million, reflecting a NIY of 8.9%.

LondonMetric said that since acquisition, it had undertaken eight occupier transactions increasing the rent by 8%.

It said the asset had generated an ungeared IRR of 9.6% pa since purchase.

Story provided by

Related Company: LMP

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.