LondonMetric sells five assets for £34.8m

LondonMetric Property said it had sold five properties two transactions for £34.8m at a 4% discount to September 30 book value.

Four of the assets have been sold as a portfolio for £25.5m and the fifth for £9.3m. The sales crystallise an ungeared IRR of 11% and a 28% profit on cost, the company said.

Reporting by Frank Prenesti for Sharecast.com