StockMarketWire.com - LondonMetric Property said it had sold an office park in Worcester for £6.2m, reflecting a net initial yield of 6.7%

The 28,000 square foot out of town office scheme was acquired through the Mucklow acquisition in June 2019 for an allocated purchase price of £5.9m.

It was fully let for a further seven years to various occupiers at a rent of £15.60 per square foot.

The disposal price was 4.3% above acquisition cost and 2.5% above book value.

The company's remaining office portfolio now totaled nine investments and was valued at about £55m.

At 8:36am: [LON:LMP] LondonMetric Property share price was +2.2p at 228.2p



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