LondonMetric buys portfolio for £78m

(Sharecast News) - LondonMetric Property said it had bought six single let urban UK logistics properties for £78m from an unnamed FTSE 100 pension fund. The portfolio generates income of £4.8m a year, which is expected to rise to £5.8m over the next two years, the company said on Wednesday.

Separately, LondonMetric said it also sold a further office asset in Edinburgh for £6m.

Reporting by Frank Prenesti for Sharecast.com