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LondonMetric acquires retail park in SW London

09 August 2017 09:04

LondonMetric Property has acquired Burlington Retail Park in South West London for £28.3m from a large UK institution.

The 51,500 sq ft unit in New Malden, South West London, is located next to the A3 and is majority is let to Dixons Carphone operating its 3 in 1 Megastore format with a 5,000 sq ft unit let to Dreams.

LondonMetric said the investment would now generate a revised total income of £1.85 million pa with a WAULT of 14.4 years (9.8 years to break).

At 9:04am: (LON:LMP) LondonMetric Property share price was +0.2p at 168p

Story provided by StockMarketWire.com

Related Company: LMP

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