LondonMetric Property Sells Primark Distribution Warehouse In Thrapston - Quick Facts

LondonMetric Property Plc (LMP.L) announced the disposal of its distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for 102.0 million pounds. The warehouse is let to Primark for 11 years at a rent of 4.4 million pounds pa. LondonMetric noted that it retains the Group's other Primark logistics warehouse which is let for a further 19 years.

Andrew Jones, Chief Executive of LondonMetric, stated: "This is a very good asset that has performed strongly, delivering a total return of 76 million pounds since acquisition. The sale price achieved reflects a very competitive bidding process."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement. Specialized Bicycle Components, Inc. is recalling about 6,900 units of Tarmac SL7 Bicycles and Framesets for potential risk of fall and injury hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the bicycle's fork steerer tube can crack or break after harsh impact such as hitting a deep pothole or other stress event, posing fall and injury hazards.
Follow RTT