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