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IN BRIEF: LondonMetric Property signs three new grocery lettings

1st Mar 2022 19:16

LondonMetric Property PLC - invests in distribution and long-income properties across UK - announces three grocery lettings across its long income and retail park assets in Ashford, Totton and Tonbridge.

At Ashford, LondonMetric has signed a new 25 year lease with Lidl on the form 32,000 square feet Hitchcock & King unit, at a rent of GBP600,000 per annum.

At Totton, Southampton, company agrees with Lidl to extend its representation to 21,000 square feet on a new 20 year lease at a rent of GBP300,000 per annum.

Finally at Tonbridge, LondonMetric lets a 14,000 square feet unit to Food Warehouse on a new 15-year lease at a rent of GBP300,000 per annum.

Current stock price: 256.20 pence

12-month change: up 18%

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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