LondonMetric buys M&S logistics warehouse for £74m

10th Apr 2025 07:05

(Sharecast News) - LondonMetric Property said it had bought a long-let Marks & Spencer logistics warehouse for £74m, reflecting a net interest yield of 5.65%.

The 390,000 sq ft regional logistics warehouse is pre-let to M&S on a 20-year lease with five yearly upward only rent reviews linked to CPI, the company said on Thursday.

Reporting by Frank Prenesti for Sharecast.com

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