StockMarketWire.com - LondonMetric Property has sold a Tesco's logistics warehouse in Bolton for £24.4m, reflecting a NIY of 5.35%.

The 274,000 sq ft regional warehouse was acquired as part of the £117 million Cabot logistics portfolio in August 2017 off a blended NIY of 6.1%.

The unit is let to Tesco for a further four years at a rental of £1.395 million pa, off £5.27 psf.

LondonMetric continues to retain the remaining 13 logistics assets from the Cabot portfolio of which 11 are urban logistics.




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