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LondonMetric sells retail park duo

LondonMetric Property has sold its Westcroft retail park in Milton Keynes for £27.2m and its Mountbatten retail park in Southampton for £16.2m, reflecting a blended net initial yield of 5.7%.
CoStar News
October 1, 2015 | 1:13 P.M.

The 77,000 sq ft Westcroft retail park was purchased in August 2013 reflecting a yield on cost of 7.2%. Since acquisition, LondonMetric has undertaken five occupier transactions to strengthen both the income profile and tenant mix.

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